CFPB Monitor News Guidance Perspectives of CFPB | Ballard Spahr Law Firm Blog

Category Archives: Technology

Subscribe to Technology RSS Feed

The ABA Responds on Mobile Financial Services (Plus, Apple Inc.’s “Response”)

Posted in CFPB General, Electronic Payments, Mobile Payments, Richard Cordray, Technology

In an interesting coincidence, the comment period for the CFPB’s Request for Information (“RFI”) on mobile financial services closed the same day, September 10th, that Apple announced “Apple Pay”—a new mobile wallet included with the iPhone 6 that could shake up the mobile payments landscape.  The RFI, which we reported on earlier, speaks optimistically of… More >

CFPB Consumer Advisory Board to meet on Sept. 11

Posted in Technology

The CFPB has announced that its Consumer Advisory Board will hold a public meeting on September 11 in Washington, D.C.   The meeting will focus on trends and themes related to technology and access to financial services.  According to the agenda, in addition to a general discussion of such trends and themes, there will be a… More >

Keep up with CFPB Monitor with alternatives to Google Reader

Posted in Technology

Many devotees of Google Reader—including yours truly—are lamenting Google’s recent announcement that this “reading list” function is going away. I always found Google Reader to be a handy one-stop-shopping method for keeping current with my favorite sites and blogs. And CFPB Monitor aficionados who use it to connect with our blog are probably wondering if… More >

CFPB proposes policy to allow trial disclosure programs

Posted in Hot Issues, Mobile Payments, Technology

The CFPB has issued a proposed policy under which it would exempt individual companies, on a case-by-case basis, from current federal disclosure requirements to allow those companies to test trial disclosures.  The proposal, which is directed at “banks, thrifts, credit unions, and other financial services companies,” contemplates that participating companies would share test result data with… More >

Before presenting your idea . . .

Posted in CFPB General, Hot Issues, Mobile Payments, Technology

I regularly work with technology innovators to help them get their ideas cleaned up for financial institutions and to give them a headstart in understanding the types of risk concerns and controls that financial institutions are going to have and want.  To technology innovators who may be intrigued by the CFPB’s request for dialogue, I… More >

Waste not, want not

Posted in CFPB General, Hot Issues, Mobile Payments, Technology

The CFPB publicly acknowledged yesterday their interest in innovation in consumer financial services by launching Project Catalyst, as already reported in this blog.  It is quite the departure from precedent for a banking regulator to actually express interest in being supportive of new technologies and how they could improve consumer financial services.  For practitioners like… More >