Payments Dive

MAY 30, 2024

“Putting these regulations into practice is challenging, and the success of such regulatory measures largely hinges on enforcement,” writes a Wise executive.

Junk Fees 97

Junk Fees Cross-Border CFPB Regulations 97

Innovative Payments Association

JANUARY 10, 2024

So, it is not as though open banking regulations will give people more choices. But the CFPB sees it differently. ” Most people would agree that customers should have access to their data, but the CFPB seems to believe that every fee is a “junk” fee.

Junk Fees 52

Junk Fees CFPB Rules Direct Deposit 52

Tearsheet

MARCH 27, 2024

Regarded as distinct from payday lenders and viewed as a means for 60% of Americans who live paycheck-to-paycheck to break free from debt, financial regulators remain hesitant to fully endorse on-demand pay’s effectiveness. Last month, Montana’s attorney general asserted that EWA should not be subject to lending regulations.

Instant Payments 64

Instant Payments RTP Consumer Financial Protection Bureau (CFPB) FedNow 64

Global Fintech & Digital Assets

MARCH 8, 2024

The rule targets a statutory loophole that the CFPB asserts large credit card issuers exploited to exact excessive late fees from consumers. The Rule establishes two main changes to credit card late fee practice: Safe harbor lowered: The late fee safe harbor threshold is lowered to $8.

CFPB 59

CFPB Credit Cards Rules Card Issuer 59