Electronic Fund Transfer Act (EFTA) Government Legal 
PYMNTS
APRIL 13, 2020
The Consumer Financial Protection Bureau (CFPB) has made it easier for people to access stimulus CARES Act funds by removing some of the legal barriers barring banks from issuing the payments through prepaid accounts, according to a press release. CFPB Director Kathleen L.
Fi911
JANUARY 4, 2024
Well, from a legal standpoint, there’s actually quite a lot. What Laws Govern Chargebacks in the US? Certain regulations known as “chargeback rules” are, in fact, based on legal statutes. The development of the chargeback system was initially a response to policies set by the US federal government.
Stax
JULY 9, 2024
Regulatory and Compliance Issues with EFT Payments Regulatory and compliance issues surrounding EFT payments are critical for ensuring the security and integrity of electronic transactions. Failure to comply with these regulations can lead to significant consequences, including fines and other legal actions. Q: Are EFT payments safe?
Stax
NOVEMBER 11, 2024
ACH transfers, or payments made through the Automated Clearing House network, account for billions of dollars in payments annually. In fact, NACHA, the nonprofit that governs the ACH payments network reported 6.1% The ACH network is governed by a variety of regulatory bodies. in payment volume growth in Q4 2021.
Clearly Payments
FEBRUARY 8, 2024
Its primary objectives encompass safeguarding consumers, maintaining financial stability, promoting market integrity, preventing fraud and security breaches, and ensuring legal compliance. It oversees compliance with federal banking laws, including those governing payments.
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