Authorization Consumer Protection Error Resolution 
Global Fintech & Digital Assets
OCTOBER 31, 2023
The new law, which goes into effect on July 1, 2025, makes California only the second state after New York to adopt comprehensive regulation of digital financial assets [1] and associated service providers.
Clearly Payments
FEBRUARY 8, 2024
State Agencies: In addition to federal oversight, individual states have regulatory agencies responsible for overseeing financial institutions and consumer protection within their jurisdictions. It mandates disclosure of terms and conditions, error resolution procedures, and limits on consumer liability for unauthorized transactions.
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