Cash App—those sorts of things, they would get close to a free ride at the federal level.” According to CNBC, an unnamed senior CFPB lawyer put it even more bluntly, warning that if the agency ...
For years, big banks and the financial industry have fought against the Consumer Financial Protection Bureau, arguing that its regulations were too aggressive. But now that the Trump administration is ...
CNBC on MSN15d
Here's why banks don't want the CFPB to disappearThe Consumer Financial Protection Bureau and its employees are in limbo after acting Director Russell Vought took over last month.
Using the Congressional Review Act, the Senate has voted to nullify a CFPB final rule that would subject large cash apps to the bureau’s supervision.
The Consumer Financial Protection Bureau asked a federal court for more time to respond to a lawsuit over its authority to oversee big tech payments players.
The agency's work stoppage also calls into question the fate of potentially hundreds of millions of dollars of separate payouts from financial services companies like Cash App parent ... two people ...
The agency protects consumers from being cheated by financial entities. Ever since the Consumer Financial Protection Bureau ...
The CFPB has gone after owners of digital payment systems that didn’t sufficiently safeguard customers against fraud. In January, it ordered Block, which owns Cash App, to pay refunds and ...
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