The European Commission and the U.S. Consumer Financial Protection Bureau (CFPB) have launched an informal dialogue to address the risks of rapid digitalization. Their collaboration safeguards consumers from fraud, privacy violations and discrimination concerns, according to a press release.

A bipartisan group of 132 members of Congress recently filed an amicus curiae brief urging the Supreme Court to uphold the Fifth Circuit's decision on the unconstitutionality of the Consumer Financial Protection Bureau's funding structure as lawmakers push for subjecting the Bureau's funding to congressional appropriations.