JPMorgan queried by key Democrats about ‘robo-signing’ practices
A key group of Senate Democrats has asked JPMorgan Chase & Co. for more information about its debt-collection policies and ...
Tag: CFPB
Mastercard, Bank Policy Institute weigh in on regulating AI use in financial services
Financial institutions that leverage artificial intelligence (AI) and machine learning (ML) are not in favor of new regulations determining how ...
2020 election: How will the election results impact U.S. open banking?
The 2020 presidential race is in full swing, and speculation about whether President Trump will energize enough of his base ...
Inside Look: The state of open banking in the U.S.
Tucked in the middle of the massive financial services regulatory overhaul that is Dodd-Frank are about 300 words that still ...
For Chase, fintechs and aggregators need ‘skin in the game’
Fintechs, aggregators and banks may agree on data sharing, but accountability should be equally assigned to all parties, according to ...
Bankers and aggregators disagree on data-sharing approaches
The parameters around how consumer financial information should be shared with third-party apps and platforms was the subject of debate ...
CFPB sues Citizens Bank for failing to respond to credit card disputes
This week, the Consumer Financial Protection Bureau filed suit against Citizens Bank, alleging violations of the Truth in Lending Act ...
Cheatsheet: Why PayPal is suing the CFPB regarding its Prepaid Rule
PayPal this month filed a lawsuit against the Consumer Financial Protection Bureau (CFPB) regarding fee disclosure requirements, arguing that the ...
Fintech task force deliberates pros and cons of ‘big data’
More than 2.5 quintillion bytes of data are created every single day. As such, lenders are collecting vast amounts of ...
Upstart CEO Girouard: ‘FICO is extremely limited and backward-looking’
Dave Girouard, CEO and founder of Upstart, testified before Congress' Task Force on Financial Technology for its hearing on the ...
