The CFPB proposed defining a market for general-use digital consumer payment applications that would cover digital applications that allow consumers to make payments.
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The CFPB summarized the structure, implementation and enforcement mechanisms of a number of state-level Community Reinvestment Acts.
The CFPB asserted that restrictions imposed by dominant operating systems on point-of-sale payment methods may have an "outsized effect" and hurt the development of a "truly open ecosystem."
The CFPB reopened the comment period on a Request for Information issued to Amazon, Apple, Facebook, Google, PayPal and Square regarding how each firm uses personal payment data and manages data access.
A mortgage banking and lending company agreed to settle parallel DOJ and CFPB allegations that it engaged in discriminatory lending practices.