The Financial Crimes Enforcement Network today issued guidance on highlighting the regulatory expectations for nonbank sellers of prepaid cards. The guidance — which addresses frequently asked questions related to non-bank prepaid card offerings — supplements previous guidance issued by FinCEN in 2011.
ABA supports FCC’s proposed call authentication requirement for non-IP networks
ABA urged the FCC to vote to issue a proposal that would impose a new call authentication requirement designed to limit criminal access to the U.S. calling network.