CFPB Instant Payments TCH 
PYMNTS
NOVEMBER 9, 2020
A paper by the Emerging Payments Association EU found that “In the opinion of all observers, open banking on the one hand and instant payment on the other is the recipe for all tomorrow’s payment solutions.”. The CFPB specifically targets the implementation of Section 1033 of the Dodd-Frank Act.
Tearsheet
MARCH 27, 2024
Most employees receiving payments through DailyPay opt for faster payouts, according to Rob Nardelli, director of DailyPay’s commercial banking and business development. According to data from The Clearing House [TCH] for the third and fourth quarters of 2022, DailyPay’s transactions make up one-tenth of all RTP payments.
PYMNTS
SEPTEMBER 30, 2016
That’s how many comments have been received by the CFPB reacting to their proposed rule-making which would, more or less, legislate the industry out of existence. The CFPB, newly emboldened over their bit Wells Fargo exposure, also just levied a hefty $6.3M It’s one big hot faster payments mess since. Payday Lending. Better not.
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