This is the new MLex platform. Existing customers should continue to use the existing MLex platform until migrated.
For any queries, please contact Customer Services or your Account Manager. Dismiss

US CFPB asked for insights on consumer risks posed by Chime, other nonbanks

( July 27, 2021, 17:40 GMT | Official Statement) -- MLex Summary: US Senate Banking Committee Chairman Sherrod Brown asked the Consumer Financial Protection Bureau for insights into consumer risks posed by nonbank financial technology firms such as Chime, which reportedly shut down customer access to their accounts without warning. The Ohio Democrat also asked what the agency is doing to address these kinds of risks and sought guidance on regulatory gaps in this sector that Congress might fill.See statement below....

Prepare for tomorrow’s regulatory change, today

MLex identifies risk to business wherever it emerges, with specialist reporters across the globe providing exclusive news and deep-dive analysis on the proposals, probes, enforcement actions and rulings that matter to your organization and clients, now and in the longer term.


Know what others in the room don’t, with features including:

  • Daily newsletters for Antitrust, M&A, Trade, Data Privacy & Security, Technology, AI and more
  • Custom alerts on specific filters including geographies, industries, topics and companies to suit your practice needs
  • Predictive analysis from expert journalists across North America, the UK and Europe, Latin America and Asia-Pacific
  • Curated case files bringing together news, analysis and source documents in a single timeline

Experience MLex today with a 14-day free trial.

Start Free Trial

Already a subscriber? Click here to login

Related Sections