Search Results for "CFPB"
9 results for "CFPB"
Deals 1
Regulatory Actions 8
Synapse Financial Technologies, Inc.
The CFPB took enforcement action against Synapse Financial Technologies, a BaaS middleware provider. The citation references the CFPB's official enforcement actions page for Synapse.
Unknown Sponsor Bank
The CFPB finalized a rule defining larger participants in the general-use digital consumer payment applications market, enabling supervision of nonbanks with 50 million or more annual transactions. This rule was published around November 2024.
The Bancorp Bank
The CFPB issued a $3.25M consent order against Chime Financial for illegal overdraft fee practices on deposit accounts held through partner banks The Bancorp Bank and Stride Bank.
Enova International, Inc.
The CFPB fined Enova International $15 million for violating a 2019 consent order through unauthorized debits, failure to honor extensions, and misrepresentations under the Consumer Financial Protection Act. Enova faced a 7-year ban on certain short-term loans.
JPay LLC
The CFPB issued a consent order against JPay LLC for violations of the Electronic Fund Transfer Act (EFTA). JPay handles payment services for incarcerated individuals.
GreenSky, LLC
The CFPB issued a consent order against fintech GreenSky, LLC for enabling merchants to originate loans without consumer authorization. The order imposed up to $9 million in consumer redress and a $2.5 million civil money penalty.
Santander Consumer USA Inc.
The CFPB fined Santander $4.75 million in December 2020 for inaccurate auto loan data reporting under the Fair Credit Reporting Act. The action was not BaaS-related but involved consumer lending compliance.
Washington Federal, N.A.
The CFPB issued a consent order against Washington Federal, N.A. in October 2020. The specific details of violations are not fully described in the source data but the action is documented in official CFPB records.