December 2, 2024By Shannon ClarkCFPB Issues Final Rule on Supervision of Digital Payment AppsThe transaction threshold determining which nonbanks come under the bureau’s supervision has been drastically increased, to 50 million annual transactions from 5 million proposed.
November 18, 2024By Shannon ClarkNCLC Asks CFPB, States to Subject HEIs to Mortgage LawsHome equity investment products are “loans masquerading as obligation-free cash,” according to the National Consumer Law Center.
November 18, 2024By Shannon ClarkCFPB Calls on States to Fill Gaps in Data Privacy LawsThe CFPB is asking states to heighten their efforts to tighten data privacy protection and close gaps with federal laws.