Only 2 percent of Americans use mobile wallets such as Apple Pay and Google, according to a recent report from Gallup.
Consumer Financial Protection Bureau Director Richard Cordray appeared before the Senate Banking Committee today and said during the question-and-answer period that the CFPB intends to revisit the income-verification standards under the Ability-to-Repay Rule.
As the effort to develop a faster payments system continues apace, the Consumer Financial Protection Bureau today added its perspective about how consumer protections might best be integrated into new payments mechanisms.
The discussion about the migration to faster payments used to feel like people talking about the weather. Everyone complained about it but no one ever did anything.
As many as three-quarters of all merchants may not have implemented EMV chip card technology before the Oct. 1 liability shift, according to a report last week from Javelin Strategy and Research.
Smartphones are changing the way people shop, communicate, travel, listen to music—and bank.
All participants in the payments system must work together to ensure that payment innovation advances safely, Federal Reserve Governor Jerome Powell said today at a payments conference in Kansas City.
Mobile phones are changing the way people make payments.