Finextra
JUNE 2, 2024
A legal case involving how Citi responded to customers who had money stolen via wire transfers has caused a spat between the CFPB and industry associations over the scope of the Electronic Fund Transfer Act (EFTA).
Fi911
JANUARY 4, 2024
We will provide insight into how these regulations differ between card schemes, and help financial institutions to better understand the dispute process from all sides. The Fair Credit Billing Act (FCBA) Passed in 1974, the FCBA addressed concerns about credit card theft and fraud. What Laws Govern Chargebacks in the US?
Stax
MARCH 27, 2025
Checks can get lost without a trace, but electronic transfers leave behind a digital trail. This makes it easy for businesses to track payments and resolve potential disputes. Digital payment methods paperless nature reduces check processing costs that can go as high as $4 to $20 per transaction.
Global Fintech & Digital Assets
DECEMBER 21, 2023
The safety and soundness of the overall financial system, coupled with the mitigation of adverse customer outcomes, remain the OCC’s top priorities generally, and in the BNPL lending market specifically.
Stax
NOVEMBER 11, 2024
Federal Regulations Impacting ACH Payments ACH payments are also subject to federal laws, most notably the Electronic Fund Transfer Act (EFTA) and its implementation through Regulation E. The EFTA outlines a set of rights and responsibilities for both the consumers and businesses involved in ACH payments.
Clearly Payments
FEBRUARY 8, 2024
Through transparent disclosures, dispute resolution mechanisms, and limits on consumer liability, regulations shield consumers from deceptive practices and ensure their financial well-being.
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