Innovative Payments Association

JULY 8, 2024

Regulation E, also known as the Electronic Fund Transfer Act, is a federal regulation that governs electronic transfers of funds, such as ATM transactions, debit card transactions, and direct deposits. In some cases, companies have been ordered to pay restitution to affected consumers and civil penalties to the CFPB.

Reg E 52

Reg E CFPB Error Resolution Boot Camp 52

PYMNTS

JANUARY 3, 2019

The Consumer Financial Protection Bureau (CFPB) announced on Thursday (Jan. 3) that it had reached a settlement with USAA Federal Savings Bank over allegations that the bank violated the Electronic Fund Transfer Act, among other transgressions. million in civil money penalty. million in civil money penalty.

CFPB 51

CFPB Consumer Financial Protection Bureau (CFPB) Error Resolution Funds Transfer 51

Global Fintech & Digital Assets

DECEMBER 21, 2023

BNPL in US, UK, and EU Regulators’ Sights The Consumer Financial Protection Bureau (CFPB) has been actively monitoring BNPL activity in the consumer finance marketplace for some time now.

OCC 59

OCC BNPL Electronic Fund Transfer Act (EFTA) Federal Trade Commission 59

Clearly Payments

FEBRUARY 8, 2024

Consumer Financial Protection Bureau (CFPB): Established in response to the 2008 financial crisis, the CFPB is tasked with protecting consumers in the financial marketplace. It mandates disclosure of terms and conditions, error resolution procedures, and limits on consumer liability for unauthorized transactions.

Regulations 81

Regulations Electronic Fund Transfer Act (EFTA) Federal Reserve Electronic Funds Transfer (EFT) 81