CFPB rule affects data access for fintechs like Venmo and Robinhood.

The entities involved

• Consumer Financial Protection Bureau →

  agency of the United States government responsible for consumer protection in the financial sector

  • Vought directs CFPB guidance on lending, while the administration issues executive orders advising regulators on credit risk and restricting immigrant access to finance.Sat 16:26
  • CFPB requires FED to send necessary funds as Vought refuses agency draw from the FED amid funding disputes.Sat 16:26
• Venmo →

  mobile payment service owned by PayPal

  • PayPal is a San Jose-based company, and its peer-to-peer service Venmo is linked to a Mastercard debit card.Sun 15:49
  • Deloitte's fastest-growing software company, coala association e.V., is attracting investment from firms connected to eBay and Venmo, including Chipotle and Cava.Sun 04:18
• Robinhood →

  American financial services company

  • Robinhood is utilizing its trading platform to acquire customers and manage wealth.Mon 02:34
  • Robinhood is building on Arbitrum, which settles on Ethereum, for tokenization efforts under SEC watch.Sun 21:06

Related events

• The Consumer Financial Protection Bureau (CFPB) is facing operational challenges caught between the needs of traditional banks and the agility of fintech companies.Aug 14
• The insurance industry opposes the Consumer Financial Protection Bureau's regulatory expansion.Sep 17
• The Consumer Financial Protection Bureau (CFPB) operates under the executive influence of President Trump.Jun 17
• Trump signed an Executive Order initiating a CFPB review into the impact on the MBS market.Jul 11
• The industry must establish durable security standards to protect consumers, involving the Consumer Financial Protection Bureau and financial data middlemen/fintech.Sep 12