PYMNTS

JANUARY 3, 2019

It also failed to start and complete reasonable error resolution investigations, the Bureau said. Under the terms of a consent order , USAA must pay an estimated $12 million in restitution to customers who didn’t get a reasonable error resolution investigation, as well as $3.5 million in civil money penalty.

CFPB 51

CFPB Consumer Financial Protection Bureau (CFPB) Error Resolution Funds Transfer 51

PYMNTS

MAY 13, 2020

” The services that the agency is requesting, per a document posted on the site, include “data ingestion and staging” as well as “error resolution and report revision” and “meeting participation and trial assistance,” among other work.

IRS 52

IRS Bitcoin Error Resolution Digital Currency 52

PYMNTS

JANUARY 25, 2018

The rule, initially passed, also modified requirements for the prepaid card industry in regards to official procedure on lost or stolen cards, error resolution and investigation, fee disclosures, access to account information and overdraft features, if offered in conjunction with prepaid accounts.

CFPB 52

CFPB Consumer Financial Protection Bureau (CFPB) Rules Error Resolution 52

Global Fintech & Digital Assets

DECEMBER 21, 2023

Banks should therefore: determine the applicability of consumer protection-related laws and regulations to the bank’s specific BNPL offerings; oversee the product delivery method, including timing and appropriateness of marketing and advertising; ensure that consumer disclosures are appropriate, timely, and clearly state the borrower’s obligations (..)

OCC 59

OCC BNPL Electronic Fund Transfer Act (EFTA) Consumer Financial Protection Bureau (CFPB) 59

FICO

MARCH 9, 2020

Its provisions include: If the card is a payroll card or a certain type of government benefit card , or if the consumer receives federal payments onto their card, certain error resolution rights are available to protect consumers from unauthorized transactions.

AI 52

AI Fraud Detection Debit Card Error Resolution 52

Global Fintech & Digital Assets

OCTOBER 31, 2023

A licensee must disclose to California customers: applicable fees, how they are calculated, and that the customer is entitled to a 14-day advance notice of any fee or other material change; whether and to what extent a product or service is covered by insurance (public or private); which transfers or exchanges and accompanying payments are irrevocable, (..)

Laws 52

Laws Stablecoins Issuers Legal 52

Clearly Payments

FEBRUARY 8, 2024

It mandates disclosure of terms and conditions, error resolution procedures, and limits on consumer liability for unauthorized transactions. It covers disclosures, error resolution procedures, and limitations on consumer liability for unauthorized transfers.

Regulations 85

Regulations Electronic Fund Transfer Act (EFTA) Federal Reserve Electronic Funds Transfer (EFT) 85