The Consumer Financial Protection Bureau (CFPB) is a federal agency that was founded in 2010, after the United States went through a recession linked to abuses in the origination and sale of residential mortgage loans. The...more
Point-of-sale financing arrangements payable in four or fewer interest-free installments, known as buy now, pay later (BNPL) arrangements, have soared since their initial breakthrough during the pandemic. Unlike conventional...more
3/19/2024
/ Buy Now Pay Later (BNPL) ,
Consumer Financial Protection Bureau (CFPB) ,
Cryptocurrency ,
Disclosure Requirements ,
Dispute Resolution ,
Financial Services Industry ,
FinTech ,
Lending ,
OCC ,
Privacy Laws ,
Regulation Z ,
Regulatory Agenda ,
Regulatory Requirements ,
Risk Management ,
Truth in Lending Act (TILA)
Join Jenner & Block Partners Jeremy Creelan, Megan Poetzel, and Laurel Loomis Rimon in the third CLE webinar in our series on Bank-Fintech Partnerships. Topics covered will include:
- Managing customer communications...more
1/24/2024
/ Banking Sector ,
Banks ,
Consumer Complaint Management ,
Continuing Legal Education ,
Customer Service Standard ,
Financial Regulatory Agencies ,
Financial Services Industry ,
Information Sharing ,
Partnerships ,
Vendors ,
Webinars
I. Introduction: EWA on the Precipice -
The increasing use of earned wage access (“EWA”) by workers in the United States and around the world has helped to bring financial flexibility to many previously constrained by the...more
11/14/2023
/ Advisory Opinions ,
Consumer Financial Protection Bureau (CFPB) ,
Cryptoassets ,
Cryptocurrency ,
Employer Liability Issues ,
FinTech ,
Labor Regulations ,
Regulation Z ,
Regulatory Requirements ,
Wage and Hour ,
Wages
Last week, the Consumer Financial Protection Bureau issued its long-awaited proposed rule to implement Section 1033 of the 2010 Consumer Financial Protection Act, which has come to be known as the “open banking” provision...more
Potential Bias in AI Consumer Decision Tools Eyed by FTC, CFPB -
Potential discrimination and bias resulting from consumer tools based on artificial intelligence and automated data will be an enforcement focus of...more
12/12/2022
/ Artificial Intelligence ,
California Consumer Privacy Act (CCPA) ,
Consumer Financial Products ,
Consumer Financial Protection Bureau (CFPB) ,
Department of Financial Protection and Innovation (DFPI) ,
Discrimination ,
Enforcement Actions ,
Federal Trade Commission (FTC) ,
Financial Markets ,
Fines ,
Payday Loans ,
Proposed Rules ,
Sephora ,
UDAAP
The regulation and enforcement of financial technology (Fintech) remains in sharp focus for California’s consumer finance regulator, the Department of Financial Protection and Innovation (DFPI), as it moves into its second...more
The regulation and enforcement of financial technology (Fintech) remains in sharp focus for California’s consumer finance regulator, the Department of Financial Protection and Innovation (DFPI), as it moves into its second...more