After a great deal of speculation, on November 13 the Consumer Financial Protection Bureau (CFPB) unveiled its proposed rules to govern the fast-growing prepaid debit card market. The proposed rules, which are open for public comment for 90 days, are an acknowledgment that more and more Americans utilize the cards to do their everyday banking.… Continue reading CFPB Proposes Prepaid Card Rules
Tag: consumer financial protection
Consumer Financial Protection Bureau Under Fire For Mismanagement, Discrimination
When it was first established as part of the sweeping Dodd-Frank bill in 2010 the Consumer Financial Protection Bureau (CFPB) was envisioned as something of a white knight – a good guy with some muscle that could help protect American consumers from too powerful Wall Street bankers. But if recent allegations by CFPB employees that… Continue reading Consumer Financial Protection Bureau Under Fire For Mismanagement, Discrimination