13 (UPI) --Banking groups said they plan to sue the federal Consumer Financial ... The groups said the final rule introduced by the CFPB on Thursday, "exceeds its regulatory authority." ...

The trade groups also said the CFPB identified no consumer risks or gaps in regulatory oversight that justified the rule, which covers companies that process at least 50 million transactions ...

Two technology trade groups, TechNet and NetChoice, have filed a lawsuit against the US Consumer Financial Protection Bureau (CFPB) over its efforts to regulate digital payment apps and wallets ...

and challenges the CFPB's authority over non-bank financial technology innovators. The trade groups argue that Congress did not empower the CFPB to supervise large non-banks offering consumer ...

Capital One, the CFPB alleges, promised customers that its flagship 360 Savings account provided one of the nation’s “best” and “highest” interest rates, but the bank froze the interest rate at a low ...

Capital One, the ninth largest bank in the US, marketed its 360 Savings account as having one of the highest annual percentage yields, the CFPB said in a statement Tuesday. However, after ...

As two Biden-era appointees leading bank watchdogs continue ... be duplicative in its mission. The CFPB has been reviled by some Republicans and business groups who claim the agency lacks ...

Major refugee aid groups are suing the Trump administration over its order suspending the U.S. refugee resettlement program and funding for resettlement agencies. The lawsuit filed Monday in federal c ...

NetChoice and TechNet said Congress did not give the CFPB free rein to aggressively, arbitrarily and capriciously police large non-banks offering consumer financial services through such products as ...