Innovative Payments Association

JANUARY 10, 2024

The proposed rule would require banks, credit unions, and other financial services companies to share account and transaction data with consumers and authorized third parties. Providers are worried about liability for breaches, and the possibility that some companies could become credit bureaus under provisions of the rule.

Junk Fees 52

Junk Fees CFPB Rules Direct Deposit 52

Tearsheet

MARCH 27, 2024

View the case study While the historical arrangement of paying employees bi-weekly remains the norm, around 20% of employers have veered toward a more flexible approach by introducing Earned Wage Access [EWA] as of 2023 in anticipation of increased employee satisfaction and better retention rates. Take, for example, DailyPay.

Instant Payments 65

Instant Payments RTP Consumer Financial Protection Bureau (CFPB) FedNow 65

Global Fintech & Digital Assets

MARCH 8, 2024

By Barrie VanBrackle and Deric Behar On March 5, 2024, the Consumer Financial Protection Bureau (CFPB) finalized a rule (the Rule) to amend Regulation Z, which implements the Truth in Lending Act (TILA) to limit credit card late fees.

CFPB 59

CFPB Credit Cards Rules Card Issuer 59