Following a brief pause under new leadership, the Consumer Financial Protection Bureau (CFPB) has resumed activities, albeit significantly in retreat from the positions taken by the prior administration. In a case involving...more
As the adoption of artificial intelligence (AI) continues to expand, the financial services industry is leveraging this technology in many ways. AI’s application in credit decision making has become increasingly prominent,...more
2/24/2025
/ Artificial Intelligence ,
Compliance ,
Credit ,
Financial Institutions ,
Financial Services Industry ,
FinTech ,
Fraud ,
Investment Management ,
Machine Learning ,
Regulatory Requirements ,
Risk Management
On December 30, 2024, the Consumer Financial Protection Bureau (CFPB) published a final rule that may dramatically change the way that certain large financial institutions offer overdraft services to consumers. Under the...more
1/8/2025
/ Administrative Procedure Act ,
Compliance ,
Congressional Review Act ,
Consumer Financial Products ,
Consumer Financial Protection Bureau (CFPB) ,
Disclosure Requirements ,
Fees ,
Final Rules ,
Financial Institutions ,
Financial Services Industry ,
Overdraft Fees ,
Popular ,
Regulation Z ,
Truth in Lending Act (TILA)
As part of its ongoing attack on bank fees, the Consumer Financial Protection Bureau (CFPB) has issued two proposed rules to regulate fees charged by banks: one on overdraft services, and one on nonsufficient funds fees. The...more