U.S. Regulators to Scrutinize Payment Methods
Swipe fees, buy now, pay later programs and peer-to-peer payments are likely to be examined this year.
Source: convenience.org
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MoneyGram, sued by CFPB, accuses it of 'venue shopping'
The remittance provider claims the Consumer Financial Protection Bureau worked to ensure it could file the case in a venue that would be more receptive to its claims.
Source: americanbanker.com
Why the CFPB is still writing its small-business data rule a decade later
The bureau has dragged its feet for years in moving forward with the rule primarily because of the potential impact on credit availability for millions of small businesses.
Source: americanbanker.com
PNC, KeyCorp upgrade collections tech as CFPB deadline nears
The regional banks are moving past old-school collection calls, instead using emails, texts and on-screen messages to urge delinquent customers to repay debt. Modern communications are said to be more efficient and in keeping with Consumer Financial Protection Bureau debt-collection rules set to take effect Nov. 30.
Source: nationalmortgagenews.com
PNC, KeyCorp upgrade collections tech as CFPB deadline nears
The regional banks are moving past old-school collection calls, instead using emails, texts and on-screen messages to urge delinquent customers to repay debt. Modern communications are said to be more efficient and in keeping with Consumer Financial Protection Bureau debt-collection rules set to take effect Nov. 30.
Source: americanbanker.com