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TheHill

 •  November 1

President Trump on Wednesday repealed the Consumer Financial Protection Bureau’s rule on forced arbitration to praise from banking and business groups. Trump approved the resolution to repeal the CFPB rule, meant to prevent banks and credit card companies from blocking customers from joining class-action lawsuits against them, in a private Oval...

TheHill

 •  October 18

This summer, the Consumer Financial Protection Bureau issued a rule that prevents financial companies from using arbitration clauses to deny groups of consumers the ability to pursue their legal rights in court. We put this rule in place after conducting a comprehensive study that found that these clauses were effectively blocking billions of dollars of relief for millions of harmed consumers....

TheHill

 •  July 25

The House voted Tuesday to repeal a controversial new rule from the Consumer Financial Protection Bureau (CFPB) that would have protected consumers’ rights to sue banks in class-action lawsuits. Lawmakers voted 231-190 to repeal the rule using the Congressional Review Act, a law that allows Congress to eliminate regulations within 60 days of their...

TheHill

 •  May 3

The House Financial Services Committee is expected to vote Wednesday on a Republican bill to uproot the Dodd-Frank Wall Street Reform and Consumer Protection Act.

TheHill

 •  December 29, 2016

© Getty Images President-elect Donald Trump plans to shake up Washington. The full scope of his proposed changes remains to be seen, but they will certainly affect the financial services industry, especially financial technology. This emerging sector includes, but is not limited to, online marketplace lenders such as Lending Club, bitcoin and...

TheHill

 •  December 21, 2016

Card-reading devices that allow law enforcement to both check and seize the balance of prepaid plastic cards are the latest technology to come under fire for potentially threatening citizens' privacy and pocketbooks. Provided by Electronic Recovery and Access to Data Group Inc., ERAD readers are handheld devices that allow officers to investigate...

TheHill

 •  November 30, 2016

© Getty Images As the holiday shopping season approaches, people will descend in a frenzy onto retail stores large and small to spend their hard earned money on gifts for their loved ones. And with so many of these folks using credit and debit cards for purchases this is a perfect reminder to retailers that they must do everything in their power to...

TheHill

 •  November 21, 2016

Tuesday’s edition of the Federal Register contains new rules for prepaid cards, Mexican trucks and wine production. Here’s what is happening: Prepaid: The Consumer Financial Protection Bureau is moving forward with new rules for the issuers of prepaid cards. The prepaid card rules include consumer protections, stemming from the Truth in Lending Act...

TheHill

 •  October 5, 2016

By Lydia Wheeler - 10/05/16 12:00 AM EDT Financial regulators finalized new rules Wednesday for prepaid cards. The rules, first announced in May 2012, aim to provide consumers using a reloadable card with the same protections as those using traditional debit cards. Under the rules, companies are required to provide consumers with two easy-to-read...