Compliance, Financial Regulation
15 Jan 2025
compliance, consumer financial protection bureau, digital payments, regulation e, efta, electronic fund transfers
💳CFPB Proposes New Rules for Electronic Fund Transfers and Compliance
In light of interest by electronic fund transfer system market participants to offer new types of products to transfer funds and make purchases through accounts established primarily for personal, family, or household purposes, the Consumer Financial Protection Bureau (CFPB) is proposing this interpretive rule to assist companies, investors, and other market participants evaluating existing statutory and regulatory requirements governing electronic fund transfers (EFTs).
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