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Fintech News Roundup for the Week Ending October 20, 2023

The news was dominated this week by the CFPB announcement yesterday that we finally have proposed rules for open banking in this country. It...

The CFPB Formally Proposes 1033 Open Banking Rule – Finovate

The U.S. Consumer Financial Protection Bureau (CFPB) took a step in the direction of formalizing open banking regulation today. The agency proposed a...

CFPB Unveils Open Banking and Consumer Data Rights Proposal

Open Banking | Oct 20, 2023 Image: Unsplash/Claudio SchwarzThe Consumer Financial Protection Bureau (CFPB) has taken a monumental step towards Open Banking that will...

US Mulls Applying EFT Regulations to Cryptocurrency Accounts – CryptoCurrencyWire

The Consumer Financial Protection Bureau (CFPB) is currently assessing the use of the Electronic Fund Transfer Act (EFTA) within the context of crypto platforms....

CFPB report lists top 10 reverse mortgage lenders in 2022

The Consumer Financial Protection Bureau (CFPB) on Wednesday released its annual report on residential mortgage lending activity and trends. While the vast majority of...

Atomic Launches New Open Banking Tool Called PayLink

Let’s face it, it is a real pain to switch to a new bank. Moving the payroll direct deposit has become easier thanks to...

CFPB Takes Aim at Big Tech’s Tap-to-Pay Monopoly

Big Tech’s dominance is increasingly coming into question, and yesterday, the CFPB took aim at its monopolization of the Tap-to-Pay industry.  Tap-to-pay has increased...

India has found new sporting heroes and a place in the global leagues

While hockey, archery, badminton and chess have a rich tradition in India even though tournament wins have been few, it...

Phil Goldfeder of American Fintech Council on fintech regulation and the importance of regulatory engagement

It seems like every day there is a story coming out of Washington that can have a major impact on fintech. Whether it...

CFPB fines Freedom Mortgage $1.75M for RESPA violations

The Consumer Financial Protection Bureau slapped Freedom Mortgage with a $1.75 million fine Thursday for allegedly violating the Real Estate Settlement Procedures Act. The...

Targeted shock-and-kill HIV-1 gene therapy approach combining CRISPR activation, suicide gene tBid and retargeted adenovirus delivery – Gene Therapy

Chun TW, Stuyver L, Mizell SB, Ehler LA, Mican JA, Baseler M, et al. Presence of an inducible HIV-1 latent reservoir during highly active...

Credit union trade group backs proposed CFPB rules on PACE loans

The Credit Union National Association (CUNA) late last week released two comment letters expressing the association’s agreement with proposed rules on bolstering borrower protections...

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