ABA to CFPB: Objective Definition of ‘Prepaid Account’ Is Necessary
Noting that numerous compliance challenges remain, ABA today welcomed the Consumer Financial Protection Bureau’s proposal to delay the implementation of...
Payments
CFPB: Credit Card Complaints Focus Most Often on Billing, Fraud
Billing disputes account for 17 percent of consumer complaints about credit cards, with identity theft and fraud concerns accounting for...
CFPB to Assess Effectiveness of Remittance Rule
The Consumer Financial Protection Bureau has released a plan to assess the effectiveness of its final rule governing remittance transfers.
Study: Mobile Pay Adoption Remains Low, but Incentives Motivate
While just 25 percent of U.S. consumers with an eligible smartphone are using mobile payments, according to a new survey...
Survey: Same-Day ACH Volume Higher Than Expected; No Increase in Fraud
Nine in 10 financial institutions say that their same-day ACH origination volume is about the same or higher than expected...
ABA Unveils 2017 ‘Blueprint for Growth’
As the 115th Congress gears up to address tax reform, regulatory relief and other legislative action, ABA today released its...
CFPB Issues Compliance Guide on Prepaid Rule
The Consumer Financial Protection Bureau today issued a small entity compliance guide for its final rule on prepaid accounts.
