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Latest News
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GRIP Extra: McKinsey slapped with $650m fine for pharma work, CFPB goes after Zelle
Other news includes a startling fact about North Korean crypto theft, a damning report about the management of Credit Suisse, and a potential Honda-Nissan merger.
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CFPB orders supervision of Google Payment Corp, Google sues
The agency has moved to scrutinize Google Pay’s books over allegedly deficient fraud responses, but the company has challenged that decision.
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CFPB sues Comerica for alleged mistreatment of federal benefits recipients
The bank is accused of subjecting holders of Direct Express debit cards to excessive wait times and illicit fees.
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CFPB report says federal privacy law needs to keep pace with states
The CFPB’s report underscores its commitment to addressing growing data privacy challenges and consumer expectations of how they will be handled by businesses.
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Banking Corner: Big tech payment rules, Robinhood’s financial advisers, UBS seeks US license
Robinhood plans to build a platform for advisers and clients to view their managed assets from within the Robinhood app itself leads our roundup.
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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.