CFPB Consumer Error Resolution 
Innovative Payments Association
JULY 8, 2024
The Consumer Financial Protection Bureau (CFPB) is the primary enforcement agency for Regulation E, and it has been cracking down on violations in recent years. CFPB Enforcement Actions The CFPB has taken enforcement actions against companies in the payments industry for various violations of Regulation E.
PYMNTS
JANUARY 3, 2019
The Consumer Financial Protection Bureau (CFPB) announced on Thursday (Jan. It also failed to start and complete reasonable error resolution investigations, the Bureau said. million in civil money penalty. million in civil money penalty.
PYMNTS
JANUARY 25, 2018
The Consumer Financial Protection Bureau (CFPB) has extended the effective date on its 2016 prepaid card rule, among other modifications announced today (Jan. The changes, according to the release, will also reduce “potentially unnecessary complications and expense to consumers who link credit cards to digital wallets.”.
Global Fintech & Digital Assets
DECEMBER 21, 2023
These consumer lending arrangements (also known as “point-of-sale installment loans” or “pay-in-4”) involve short-term installment loans repayable in four or fewer payments and carry no finance or interest charges. BNPL Loans As described in the Guidance, a BNPL arrangement generally involves a bank, a merchant, and a consumer.
Clearly Payments
FEBRUARY 8, 2024
The payment landscape in the United States is intricate, continuously evolving to accommodate innovations and meet the changing demands of consumers. Its primary objectives encompass safeguarding consumers, maintaining financial stability, promoting market integrity, preventing fraud and security breaches, and ensuring legal compliance.
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