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.

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. It also failed to start and complete reasonable error resolution investigations, the Bureau said. million in civil money penalty. million in civil money penalty.

CFPB 51

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

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. By 2020, analysts forecast that $116 billion per year will be loaded onto prepaid cards.

CFPB 52

CFPB Consumer Financial Protection Bureau (CFPB) Rules Error Resolution 52

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.

OCC 59

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

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. To ensure the smooth operation of this system and protect the interests of all stakeholders, a robust regulatory framework is in place.

Regulations 85

Regulations Electronic Fund Transfer Act (EFTA) Federal Reserve Electronic Funds Transfer (EFT) 85