CFPB – DIGIT INFO

US consumer finance watchdog sued for treating digital wallets like banks

DIGIT — Fri, 17 Jan 2025 03:57:34 +0000

The new December ruling from the US Consumer Financial Protection Bureau impacts payment apps and digital wallets offered by large non-bank companies.

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CFPB proposes crypto firms refund users for funds lost to hacks

DIGIT — Fri, 10 Jan 2025 16:45:12 +0000

A proposed CFPB rule could allow crypto users to have protections similar to those of US bank account holders by considering the definition of “funds.”

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CFPB leaves crypto wallets out of ‘Larger Participant’ rule

DIGIT — Thu, 21 Nov 2024 17:33:04 +0000

The agency highlighted consumer and industry comments in a 259-page report detailing the final draft of the “Larger Participants” rule.

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US consumer watchdog mulls applying e-banking laws to crypto

DIGIT — Mon, 09 Oct 2023 03:33:01 +0000

The head of the U.S. financial consumer watchdog says it’s looking to issue guidance on how crypto could fall into electronic fund transfer laws.

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Rep. Warren Davidson: Stablecoin bill has ‘outside chance’ of finalizing this year

DIGIT — Fri, 23 Sep 2022 02:43:38 +0000

Earlier this week, new draft legislation on stablecoins came to light aimed at “endogenously collateralized stablecoins.”

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‘Two cops on the beat’: Regulator wants sole authority to charter fintech firms

DIGIT — Thu, 07 Jan 2021 05:57:53 +0000

The OCC’s acting head is pushing against the Consumer Financial Protection Bureau’s intention to charter non-depository fintech firms.

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