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The COVID-19 pandemic has already given rise to false marketing of test kits and criminals impersonating the FDIC. Consumer advocates say the bureau could issue alerts as well as empower banks to help safeguard their customers’ funds.March 22
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The agency announced changes meant to reduce compliance costs and allow some institutions to provide estimates rather than disclose exact prices for international money transfers.December 3
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House Republicans are pushing the CFPB to continue to allow banks and credit unions to estimate exchange rates and fees for money transfers.September 30
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The creator of the Zelle precursor clearXchange is heading a company building a blockchain-based international payment technology for banks.September 12
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The CFPB ordered Texas money transmitter Maxi to pay a $500,000 fine for allegedly deceiving consumers by saying the company is not responsible for errors made by agents.August 28
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Financial services is a dangerous diversification play for USPS, a contributor writes; Sen. Elizabeth Warren tells acting CEO that Wells Fargo is "still fundamentally broken"; Capital One buys a tech-focused investment bank; and more from this week's most-read stories.August 23
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Proponents of a plan to get the Postal Service more involved in banking say it would restore profitability. Actually it would lose more money.August 20
Director of policyTaxpayers Protection Alliance
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Under the Illicit Cash Act, anti-money-laundering rules would be clearer — so banks would have no excuses for noncompliance.August 2
Managing director, Compliance Risk and Diligence practice,Kroll
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The argument that only the federal government is up to the task is misguided.July 15
DirectorWashington State Department of Financial Institutions
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There’s a long list of reasons traditional lenders haven't kept up with the needs of entrepreneurs, says Judith Erwin, the head of Grasshopper Bank in New York. One is not asking for enough feedback.June 18
