There is yet more drama surrounding leadership of the CFPB as President Trump reportedly considers promoting Mick Mulvaney to White House chief of staff.
The Consumer Financial Protection Bureau said it did not issue an additional penalty because Citibank self-reported that it failed to reduce interest charges for 1.75 million credit card customers.
Whatever the reason that Plaid, a prominent data aggregator, can no longer access data from Capital One, the situation demonstrates how fragile fintechs are when they lose banking access.
The measure, which has been compared to the EU’s new consumer privacy rules, grants Californians new rights over how companies collect and use their personal data.
Readers react to Capital One restricting data access, opine on whether or not the Consumer Financial Protection Bureau's structure is unconstitutional, weigh in on Rep. Maxine Waters as Financial Services Committee chairman and more.
