Daily Digest – June 29. CFPB Issues Rule Outlining How States Can Enact Credit Reporting Laws; New Payment Platform Allows Consumers to Split Purchases

CFPB ISSUES RULE OUTLINING HOW STATES CAN ENACT CREDIT REPORTING LAWS

  • Just because grandma allows your kids to run in her house does not mean that you have to let them run in yours, the Consumer Financial Protection Bureau announced to states yesterday, issuing an interpretive rule reminding them that the Fair Credit Reporting Act does not preempt states from enacting their own credit reporting laws, even going as far as to point out some of the ways that credit reporting could be regulated at the state level.

NEW PAYMENT PLATFORM ALLOWS CONSUMERS TO SPLIT PAYMENTS ACROSS MULTIPLE CARDS

  • A new payment platform, which allows consumers to split payments across multiple debit and credit cards, has announced that it has raised $5.5 million to help it launch. Among the investors in the platform are Odell Beckham, Jr., and actress Robin Wright, according to a published report.

GROUPS LAUNCH AD CAMPAIGN, ISSUE WHITE PAPER, DETAILING ‘UNLAWFUL’ ACTIONS AT CFPB

  • Rohit Chopra, the Director of the Consumer Financial Protection Bureau, has finally gone too far, in the eyes of the U.S. Chamber of Commerce and three national banking trade groups, who yesterday started campaigns to draw attention to what they labeled as Chopra’s “radical agenda and reckless actions.”

LOOKING FOR A JOB? HERE ARE 22 OF THEM

WORTH NOTING: The ghostly radio station that nobody claims to run … As more companies cut jobs, here is who is feeling the most pain so far … Here is a list of 50 must-see landmarks that tell the story of the United States … One retailer is being accused of turning off the AC to cut costs as a means of offsetting lower sales … How to humanize productivity tracking of your employees … Spotify now offers a karaoke version of songs … Be careful of people using deepfakes if they are applying for a remote job … What if Connect Four and “The Amazing Race” hooked up and had a baby?

How to move at the speed of trust

Movie Clip Wednesday

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