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Thursday, June 12, 2014

CFPB Signals Interest in Mobile Banking

The CFPB is requesting information about how consumers use mobile banking. Noting that the use of mobile financial services continues to grow — especially among the young and the underbanked — the bureau broadly requested general information on how mobile banking is used, information about any barriers to customers accessing mobile banking and potential consumer protection issues associated with low-income customers using mobile banking.

Any responses are due September 9.

Read more.

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