CFPB Expands Regulatory and Enforcement Powers. Fintechs Aren’t Worried.

Amid ongoing rumblings of a ramp-up in regulatory oversight of fintechs by the federal government, the Consumer Financial Protection Bureau (CFPB) has arisen as a key figure in how finance is to be supervised in the era of digital transformation. Earlier this year, the CFPB announced major expansions of how it would classify neobanks and other fintechs...