Consumer Advocates Call on Banking Regulators to Rein in Reckless and Harmful Bank-Fintech Partnerships
November 01, 2024
November 01, 2024
WASHINGTON, Nov. 1 [Category: Consumer Services] -- The Consumer Federation of America issued the following news release:
Americans for Financial Reform Education Fund (AFREF) and the Consumer Federation of America (CFA) submitted comments this week calling on regulators to more closely supervise partnerships between banks and independent banking-as-a-service (BaaS) companies that pose unique and serious risks for consumers.
Among these many risks, consumers advocates h . . .
Americans for Financial Reform Education Fund (AFREF) and the Consumer Federation of America (CFA) submitted comments this week calling on regulators to more closely supervise partnerships between banks and independent banking-as-a-service (BaaS) companies that pose unique and serious risks for consumers.
Among these many risks, consumers advocates h . . .