Consumer Financial Protection Bureau (CFPB) - News, Articles & Research

Judge temporarily blocks CFPB open banking rule

A US judge has granted a preliminary injunction that temporarily blocks enforcement of the Consumer Financial Protection Bureau's open banking rule.

31 October 2025

News/regulation

American Fintech Council calls on CFPB to prohibit open banking data access fees

In the wake of the Consumer Financial Protection Bureau's decision to ditch its open banking rule, the American Fintech Council (AFC) has called on the regulator to preserve people’s right to access and share their financial data.

22 October 2025

News/retail

CFPB sues Synapse for mishandling customer funds

The Consumer Financial Protection Bureau (CFPB) has filed a complaint against Synapse Financial Technologies for allegedly losing customer funds when the company filed for bankruptcy protection.

22 August 2025

News/regulation

CFPB to ditch open banking rule

The Financial Technology Association (FTA) has hit out at US regulators over plans to rescind open banking rules, calling the move a "handout to Wall Street banks".

26 May 2025

Company announcement/regulation

CFPB reduces Wise fine

The Consumer Financial Protection Bureau (CFPB) today amended its January 30, 2025 consent order with the international remittance company Wise resolving claims including advertising inaccurate fees and failing to properly disclose exchange rates and other costs.

16 May 2025

Company announcement/regulation

CFPB formally rescinds BNPL rule

The Consumer Financial Protection Bureau is announcing today that it will not prioritize enforcement actions taken on the basis of the Truth in Lending (Regulation Z); Use of Digital User Accounts to Access Buy Now, Pay Later Loans, 89 Fed. Reg. 47,068 (May 31, 2024) (“Buy Now, Pay Later”).

07 May 2025

News/regulation

CFPB to revisit open banking rule

In its latest about-turn under the Trump administration, the Consumer Financial Protection Bureau is preparing to reopen its recently finalised open banking rule, according to Bloomberg Law.

06 May 2025

News/regulation

US Judge throws out CFPB's cap on credit card late fees

A US judge has killed of a Consumer Financial Protection Bureau rule capping credit card late fees at $8.

16 April 2025

News/regulation

House of Representatives kills CFPB oversight of Big Tech payment apps

The US House of Representatives has followed the Senate in voting to overturn a Consumer Financial Protection Bureau rule that would give the watchdog oversight of tech giants such as Apple, Google and X, that offer digital payment apps and wallets.

10 April 2025

News/regulation

CFPB set to ditch BNPL rule

The Consumer Financial Protection Bureau is set to perform another U-turn, dropping an interpretive rule declaring that pay-in-four BNPL lenders should be treated in the same way as credit cards.

28 March 2025

News/regulation

Senate votes to scrap CFPB oversight of Big Tech payment apps

The US Senate has voted to overturn a Consumer Financial Protection Bureau rule that would give the watchdog oversight of tech giants, such as Apple, Google and X, that offer digital payment apps and wallets.

13 March 2025

News/crime

CFPB dismisses Capital One savings account rates lawsuit

Thursday marked The Consumer Financial Protection Bureau’s (CFPB) dismissal of their lawsuit initiated on 14 January 2025, suing Capital One, and its parent holding company, Capital One Financial Corp for cheating millions of consumers out of more than $2 billion in savings account interest.

28 February 2025