Stax

DECEMBER 2, 2024

In 2023, the FTC under Chair Lina Khan drafted a rule that would ban junk fees , but whether the FTC moves forward with this rule after the November 2024 presidential election is in question. The Minnesota law will go into effect on January 1, 2025. Other states are likely to consider drip pricing legislation in 2025 and beyond.

Junk Fees

Payments Dive

JUNE 12, 2025

Under the legislation, the Treasury Department would chair the task force, which would also include staff from the Justice Department, Consumer Financial Protection Bureau, the Federal Communications Commission and the FTC, plus industry representatives.

Law Enforcement

PYMNTS

MAY 15, 2017

The Federal Trade Commission (FTC) reported that federal officials, consumer advocates and businesses are hearing from people who have responded to ads, websites, phone calls, text messages and visits from salespeople who claim the federal government will pay their bills in exchange for a fee and personal information.

FTC

PYMNTS

NOVEMBER 8, 2019

Federal Trade Commission (FTC) Commissioner Rohit Chopra wrote a letter to the Federal Reserve saying projects like Libra (Facebook’s proposed cryptocurrency ) illustrate the need for the bank to develop a real-time payments service, according to reports. financial system and the U.S. economy?”

Real Time Payments

PYMNTS

NOVEMBER 8, 2019

Federal Trade Commission (FTC) Commissioner Rohit Chopra wrote a letter to the Federal Reserve saying projects like Libra (Facebook’s proposed cryptocurrency ) illustrate the need for the bank to develop a real-time payments service, according to reports. financial system and the U.S. economy?”

Real Time Payments

PYMNTS

JULY 3, 2017

The purpose of Capitol Hill Day is to provide updates and continued education to Congressional representatives and staff regarding the ACH Network, payments, and operating rules. The ACH Network, conceived in the 1970s to replace paper checks for payroll, provides the backbone for the electronic movement of money and data in the U.S.,

NACHA

Faster Payments Council

AUGUST 23, 2024

However, with the launch of FedNow and it's contemporary, ACH Real Time Payments, Pay-by-Bank is primed to launch as instant authorization and settlement is a significant benefit to all stakeholders in the payments ecosystem.

FPC