Growing up in New England we both heard that there were three things you should never discuss in public. Politics and religion were two. The third could differ....more
4/5/2023
/ Advisory Opinions ,
Consumer Financial Protection Bureau (CFPB) ,
Credit Cards ,
Debt Collection ,
FDCPA ,
Federal Trade Commission (FTC) ,
Fees ,
Financial Services Industry ,
Policy Statement ,
Regulation F ,
Supervisory Guidance
[co-author: D. Patrick Yoest]
INTRODUCTION
This survey summarizes several recent developments affecting bank deposits and payment systems. These include payments-related consent orders and enforcement actions by the...more
This survey summarizes several recent developments affecting bank deposits and payment systems. These include payments-related consent orders and enforcement actions by the Consumer Financial Protection Bureau (“CFPB”) and...more
5/14/2020
/ Bank Accounts ,
Bank Deposits ,
Banks ,
Civil Monetary Penalty ,
Compensatory Damages ,
Consent Order ,
Consumer Financial Protection Bureau (CFPB) ,
Economic Growth Regulatory Relief and Consumer Protection Act ,
EFTA ,
Enforcement Actions ,
Expedited Funds Availability Act (EFAA) ,
Federal Trade Commission (FTC) ,
Final Rules ,
Fraud ,
FTC Act ,
Inflation Adjustments ,
Negligence ,
OCC ,
Overdraft Fees ,
Payment Processors ,
Payment Systems ,
Permanent Injunctions ,
Regulation CC ,
Regulation E ,
Settlement ,
Telemarketing Sales Rule ,
Unfair or Deceptive Trade Practices ,
Usury
This survey summarizes several recent developments affecting bank deposits and payment systems. The U.S. department of the Treasury’s Financial Crimes Enforcement Network (“FinCEN”) issued new guidance concerning the customer...more
6/10/2019
/ ACH Payments ,
Amended Complaints ,
Amended Rules ,
American Bar Association (ABA) ,
ATMs ,
Bank Deposits ,
Banks ,
Beneficial Owner ,
Blockchain ,
Civil Monetary Penalty ,
Consent Order ,
Consumer Financial Protection Bureau (CFPB) ,
Consumer Protection Laws ,
Controlling Person ,
Cryptocurrency ,
Customer Due Diligence (CDD) ,
Debit Cards ,
Enforcement Actions ,
Exclusions ,
Failure To Disclose ,
Federal Trade Commission (FTC) ,
FFIEC ,
Financial Institutions ,
Financial Regulatory Agencies ,
FinCEN ,
FRB ,
Indemnity ,
LendingClub ,
Licensing Rules ,
NMLS ,
Payment Systems ,
PayPal ,
Popular ,
Restitution ,
Unauthorized Transactions ,
Unfair or Deceptive Trade Practices ,
Uniform Commercial Code (UCC) ,
Virtual Currency