U.S. CFPB seeks Congress' authority to pay bounties for original tips on fraud, consumer abuses

REUTERS

The head of the U.S. Consumer Financial Protection Bureau (CFPB) said on Friday that she has submitted to the White House for initial consideration a proposal requesting authority to pay whistleblowers whose tips help the agency charge lenders that violate laws and harm borrowers. read more »

Fifth Third latest bank in CFPB crosshairs over phony accounts

AMERICAN BANKER

The Consumer Financial Protection Bureau is continuing its crackdown on banks opening unauthorized accounts after Wells Fargo's phony-accounts scandal prompted the agency to investigate aggressive sales tactics at other institutions.

The latest institution in the bureau's crosshairs is Fifth Third Bancorp read more »

Facebook sued by Australian information watchdog over Cambridge Analytica-linked data breach

THE GUARDIAN

Facebook alleged to have committed serious breaches with data collected by This is Your Digital Life app used by Cambridge Analytica for political profiling. read more »