Innovative Payments Association

JULY 8, 2024

These violations can include failing to provide consumers with required disclosures, improperly handling error resolution requests, and engaging in deceptive or unfair practices related to electronic fund transfers. Disclosures should include information about fees, error resolution procedures, and consumer rights under Regulation E.

Reg E 52

Reg E CFPB Error Resolution Boot Camp 52

Stax

NOVEMBER 11, 2024

NACHA also requires businesses to take responsibility for reversals in the event of errors or duplicate transactions. Businesses are expected to have procedures in place to promptly address and reverse erroneous ACH payments, maintaining integrity and trust in the ACH network.

ACH 88

ACH Checks Identity Theft Payments 88

Global Fintech & Digital Assets

DECEMBER 21, 2023

Credit and Underwriting Risk Borrowers may not fully understand BNPL loan repayment obligations or may take on excess credit, and creditors may be disadvantaged by the lack of credit history or BNPL activity captured by credit reporting agencies.

OCC 59

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

PYMNTS

JANUARY 25, 2018

The rule, initially passed, also modified requirements for the prepaid card industry in regards to official procedure on lost or stolen cards, error resolution and investigation, fee disclosures, access to account information and overdraft features, if offered in conjunction with prepaid accounts.

CFPB 52

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

Global Fintech & Digital Assets

OCTOBER 31, 2023

The DFAL provides a safe harbor for a Covered Exchange’s failure to achieve best execution for a given transaction if it has properly created, implemented, and monitored its best execution policies and procedures.

Laws 52

Laws Stablecoins Issuers Legal 52

Nanonets

MAY 8, 2024

Standardize Operations : The design of standardized procedures for reconciliation fosters uniformity and precision. These detailed accounts serve as invaluable references, offering historical context and aiding in error resolution. It helps to document these protocols and ensure adherence across the organizational spectrum.

Reconciliation 52

Reconciliation Settlement Alternative Payment Methods Automation 52

Nanonets

JUNE 18, 2024

It also helps prevent and detect theft and fraud earlier, assisting organizations to comply with financial regulations such as the Sarbanes-Oxley Act (SOX) , which mandates that publicly traded companies establish internal controls and procedures for financial reporting.

Reconciliation 52

Reconciliation Accounts Automation Credit Cards 52