On November 7, 2023, the Consumer Financial Protection Bureau (“CFPB”) issued a proposed rule that would allow it to exercise its supervisory authority over larger nonbanks offering digital consumer payment applications, such...more
11/10/2023
/ Consumer Financial Protection Act (CFPA) ,
Consumer Financial Protection Bureau (CFPB) ,
Cryptocurrency ,
Digital Platforms ,
EFTA ,
Electronic Payment Transactions ,
Fund Transfers ,
Gramm-Leach-Blilely Act ,
Non-Bank Lenders ,
Payment Systems ,
Proposed Rules ,
UDAAP
While consumer lenders have long been attuned to disclosure requirements under the Truth in Lending Act, many commercial financiers are or soon will be subject to similar state-level obligations. On June 23, 2023, Florida...more
7/18/2023
/ Annual Percentage Rate (APR) ,
Department of Financial Protection and Innovation (DFPI) ,
Disclosure Requirements ,
Financial Services Industry ,
Financial Transactions ,
FinTech ,
Interest Rates ,
Lenders ,
Non-Bank Lenders ,
Truth in Lending Act (TILA) ,
Uniform Law Commission (ULC)