PYMNTS

JANUARY 3, 2019

3) that it had reached a settlement with USAA Federal Savings Bank over allegations that the bank violated the Electronic Fund Transfer Act, among other transgressions. It also failed to start and complete reasonable error resolution investigations, the Bureau said. million in civil money penalty.

CFPB

Stax

NOVEMBER 11, 2024

ACH payments are more straightforward than how credit card processing works, both on the consumer-facing and business end. These transactions usually process within one to three business days and are most commonly used for payments such as direct deposits for payroll, recurring bill payments, and B2B invoice payments.

ACH

Global Fintech & Digital Assets

DECEMBER 21, 2023

The OCC outlines safety and soundness principles and appropriate risk management processes for its regulated institutions that engage in BNPL lending. By Arthur S. Some of the highlighted risks and risk management practices are as follows.

OCC

Clearly Payments

FEBRUARY 8, 2024

Key Payment Regulations in The USA Electronic Fund Transfer Act (EFTA): Enacted in 1978, the EFTA establishes the rights, liabilities, and responsibilities of consumers and financial institutions engaged in electronic fund transfers (EFTs). It promotes fair access to credit for all consumers.

Regulations