Global Fintech & Digital Assets

DECEMBER 21, 2023

The Federal Trade Commission (FTC) also published a short notice in September 2022 on the obligations of BNPL providers vis-à-vis the FTC Act. In September 2022, it published an in-depth report on the BNPL landscape, and in September 2023 published another report on the consumer financial profiles of BNPL borrowers.

OCC 59

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

Stax

NOVEMBER 11, 2024

The Federal Trade Commission offers straightforward advice: “don’t give out your bank account number.” Under Regulation E, businesses must disclose essential information about ACH payments to consumers, including terms of use, transaction fees, and dispute resolution procedures.

ACH 88

ACH Checks Identity Theft Payments 88

Clearly Payments

FEBRUARY 8, 2024

Department of the Treasury, the OCC supervises and regulates national banks and federal savings associations. It oversees compliance with federal banking laws, including those governing payments. 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