Unauthorised transactions vex US prepaid consumers – CFPB’s latest report


Prepaid complaints to the Consumer Financial Protection Bureau (CFPB) in the US hit 2,500 in 2016, accounting for about 0.9% of the 291,400 complaints in agency’s latest Consumer Response Annual Report.

US fintech regulation: a divided picture at the federal level

Fintechs to get bank charters

Addressing the views of the Department of Treasury, the CFPB, and the SEC on the regulation of the fintech industry in the US.

Credit card complaints in US on the rise – CFPB’s latest report

Credit cards

Billing disputes and fraud, identity theft and embezzlement are among the most common complaints that US consumers have about their credit cards, according to the Consumer Financial Protection Bureau (CFPB).

Fintech in the US: the state of the union is questionable

Two US credit unions outsource core processing to Symitar

An overview of the current fintech regulation in the US by the prudential regulators: the OCC, the FDIC, and the Federal Reserve.

Consumer Financial Protection Bureau fines Experian $3m for credit score marketing

Credit score

Weeks after releasing a report criticising the credit reporting industry for various problems, the US Consumer Financial Protection Bureau (CFPB) has taken action against Experian over allegations that the company made false claims about the uses of credit scores it sold to consumers.

UniRush and Mastercard ordered to pay $13m over RushCard outage

Paying the fine

In its first enforcement action against prepaid providers, the Consumer Financial Protection Bureau (CFPB) has announced that UniRush and Mastercard will pay a combined $13 million for a 2015 service disruption that left cardholders without access to their funds.