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CFPB, Capital One

FOX News on MSN · 1d

Capital One sued by CFPB for allegedly cheating customers out of $2 billion

The U.S. Consumer Financial Protection Bureau is suing Capital One, claiming the company cheated customers out of $2 billion by misleading them.

Capital One Is Sued by CFPB. Why It Won’t Affect Discover Acquisition.

The Consumer Financial Protection Bureau is accusing the bank of illegally misleading millions of customers about its savings accounts.

CBS News on MSN · 2d

Capital One allegedly cheated customers out of $2 billion in interest, CFPB claims

The CFPB is suing Capital One for allegedly misleading consumers about its offerings for high-interest savings accounts.

CFPB, Cash App and Block

Hosted on MSN · 19h

US CFPB fines Cash App-parent Block over insufficient fraud protection

The Consumer Financial Protection Bureau on Thursday ordered payments firm Block to pay a penalty, citing fraud and weak security protocols on its mobile payment service Cash App. The regulator said Block,

Engadget on MSN · 16h

CFPB fines Block $175m over Cash App's lax fraud controls

The Consumer Financial Protection Bureau (CFPB) announced today that's it's fining Block, the creator of Cash App and parent company of Square, $120 million in "refunds and redress" and a $55 million fine for how the company handled fraud on its payment platform.

Seeking Alpha on MSN · 22h

CFPB orders Cash App parent Block to pay $175M for fraud failures

The Consumer Financial Protection Bureau ordered Block (NYSE:SQ) to pay restitution of up to $120M and a penalty of $55M over alleged weak security protocols for its Cash App, the agency said on Thursday.

14hon MSN

CFPB sued for trying to regulate digital payment apps more like banks

Two major tech trade groups are challenging the Consumer Financial Protection Bureau’s (CFPB) effort to treat payment apps ...

American Banker16h

CFPB withdraws NSF proposal and earned wage access opinion

The Consumer Financial Protection Bureau rescinded a proposed rule on nonsufficient funds fees and a 2020 advisory opinion on ...

CFPB Issues a Roadmap for States Days Before Trump Takes Office

As the Consumer Financial Protection Bureau (CFPB or Bureau) anticipates a shift in its leadership with the incoming administration of ...

1d

CFPB Proposal on Worker Pay Advance Disclosures Left Undone (1)

The Consumer Financial Protection Bureau withdrew guidance from President-elect Donald Trump’s first term limiting fee ...

American Banker1d

CFPB releases guidance documents as blueprint for states

The Consumer Financial Protection Bureau released recommendations on how states can beef up enforcement after the Trump ...

CFPB re-establishes regulatory sandbox, no-action letter programs

In an effort to foster innovation in financial services, the CFPB is reinstituting its programs that allow companies to obtain regulatory safe ...

5hon MSN

Capital One allegedly swindled savings account holders out of billions in interest income

Capital One is under fire for offering paltry savings account rates to current customers. Here’s what you need to know.

CashApp Fined $175 Million for Not Stopping Fraud. Find Out if You're Eligible for a Payment

The CFPB ordered Block to update its business practices to comply with the law, pay between $75 and $120 million to users ...

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