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Tech groups sue US CFPB to block rule on payment apps, digital wallets
Two technology trade groups sued the U.S. Consumer Financial Protection Bureau on Thursday to block a new rule giving the regulator supervisory authority over payment apps and digital wallets from large non-banks.
Tech Groups Sue to Block CFPB Rule Targeting Apple, Google (2)
A pair of trade groups representing Facebook parent Meta Platforms Inc., Apple Inc., and Google parent Alphabet Inc. sued to block a Consumer Financial Protection Bureau rule that’s set to bring those companies’ payment operations under the agency’s supervision.
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.
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.
Hosted on MSN
2d
Trade associations sue US CFPB over payment supervision
The trade groups argue that Congress did not empower CFPB to supervise large non-banks offering consumer financial services.
3d
on MSN
US consumer finance watchdog sued for treating digital wallets like banks
TechNet and NetChoice have sued the Consumer Financial Protection Bureau, challenging a rule that gives the regulator more ...
Becker's Hospital Review
10d
Groups sue to block CFPB's medical debt credit reporting ban
Trade groups file lawsuit against CFPB over new rule banning medical debt from credit reports, arguing it exceeds statutory authority.
KTLA
1mon
Bank groups sue the Consumer Financial Protection Bureau over a proposed cap on overdraft fees
Some banks and banking trade
groups
are suing the Consumer Financial ... according to data from the
CFPB
and
bank
public records. Currently, there is no cap on the overdraft fees that banks ...
bankingdive
5d
CFPB sues Capital One over $2B in unpaid interest to customers
The agency accused Capital One of obscuring a new, higher-paying savings product from some legacy savings account holders.
American Banker
10d
Debt collectors sue the CFPB for 'overreach' on medical debt
Debt collection trade group ACA International and Specialized Collections Systems, a Houston-based debt collector, filed a ...
1mon
Feds Sue Bank of America, Wells Fargo, JPMorgan Over Zelle Fraud
The government accused three big banks of failing to protect consumers from fraud on the payment network Zelle.
5d
CFPB sues Capital One, alleges it misled consumers on savings rates
The Consumer Financial Protection Bureau announced it was suing Capital One for “cheating” customers out of more than $2 ...
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