Weekly Fintech Focus

• The CFPB sent orders to five large BNPL companies seeking information on their business practices and regulatory posture.
• The CFPB published its Fall 2021 rulemaking agenda, giving some insight into what the next year holds for CFPB

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Weekly Fintech Focus

• The CFPB and OCC are taking a keen interest in bank overdraft practices.
• The CFPB is working to encourage coordination with states on enforcement actions and to target repeat corporate offenders.
• CFPB and HUD once again encourage

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Under the leadership of its new Director, Rohit Chopra, the Consumer Financial Protection Bureau (CFPB) appears poised to take a more active supervisory and enforcement posture, including with respect to Fintech – a sector that has not historically been a…

Weekly Fintech Focus

• Acting Comptroller of the Currency gave a speech describing his vision for supervising crypto and fintech firms in similar ways to banks.
• The FTC issued enforcement policy guidance related to subscriptions and negative option marketing to tighten

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Weekly Fintech Focus

• In a broad order, CFPB seeks information from big tech payment platforms about their products, practices, and customer data.
• CFPB cracks down on prison financial services company for unfair and abusive acts and practices.

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Weekly Fintech Focus

• Rohit Chopra is sworn in as CFPB Director.
• Consumer advocates request that the CFPB change or revoke its opinion on earned wage access programs and its innovation sandbox programs.

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Weekly Fintech Focus

• House Financial Services Committee discusses consumers’ rights to access their personal financial data.
• The CFPB takes action against an online lender for deceptive marketing.

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