Feds seek more regulation of fintech apps to protect consumers

In 2021, the CFPB raised concerns about these companies, suggesting that they may be crossing the line by harvesting consumer data and monetizing their relationship with consumers who use the apps. Read More

Apple Pay, Venmo, Google Pay could see more regulation from feds

Popular digital wallets and payment apps run by giants like Apple and Google are being targeted for more regulatory oversight to protect consumers. The Consumer Financial Protection Bureau on ... Read More

Balancing Innovation And Regulation In Fintech - Forbes

A balanced approach to innovation and regulation gives fintech companies the freedom to explore and scale while maintaining the safeguards necessary for consumer safety. Protecting Consumers ... Read More

The Big Changes Coming To Elizabeth Warren’s CFPB And ... - Forbes

The Consumer Financial Protection Bureau (CFPB), a federal agency championed by Massachusetts Senator Elizabeth Warren in 2011 to protect consumers against predatory financial services, has ramped ... Read More

Launch: Financial Technology Association to Advocate for Consumer ...

WASHINGTON--(BUSINESS WIRE)--The Financial Technology Association (FTA), a new trade group formed by leaders of the technology-centered financial services industry, today announced the launch of ... Read More

60% of Consumers Turn to Fintech Apps Before ... - Business Wire

According to Capterra’s 2023 Fintech Survey of over 870 consumer fintech users, 60% of respondents now seek advice from personal finance tools before reaching out to financial professionals. Read More