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CFPB announces action to curb unchecked worker surveillance
The CFPB is concerned about data brokers, data aggregators, and platforms using new technologies to collect and sell personal data and purport not to be covered by the FCRA.
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CFPB finalizes open banking rules for consumer data
The CFPB finalized "open banking" rules designed to allow consumers to control and share their own data when shopping for services.
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AI Roundup: Beware of emotional attachments to chatbots
This roundup also includes efforts to tackle customer service doom loops and news of a move to boost supply chain security.
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Federal probe into scams via Zelle asks if banks are protecting customers
The CFPB wants to know whether banks are doing enough to verify the identity of deposit-account customers.
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FDIC looks to tighten control of asset managers' bank stakes
FDIC officials might review "passivity agreements" with large asset managers, to ensure they are not taking an active role in bank management.
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Fifth Third Bank hit with order to pay $20m for opening fake accounts
CFPB charged bank over range of illegal activities centering on motor vehicle loans.
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CFPB withstands constitutional challenge in Supreme Court
The justices rejected an argument that imperiled the CFPB, with a decision that protects people from unlawful financial services practices.
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The pay-for-tips whistleblower program model is poised to expand
A growing recognition that these programs work when whistleblowers are paid is helping to fuel the spread.