July 22, 2011
Report to the Congress on Government-Administered, General-Use Prepaid Cards
Source: www.federalreserve.gov Executive Summary Section 1075 of the Dodd-Frank Act, which amends the Electronic Fund Transfer Act (EFTA), directs the Board to report annually on the prevalence of use...
July 18, 2011
Consumer Impact of Debit Interchange Fee Reductions
February 22, 2011 (Executive Summary of Comment Submitted to the Federal Reserve Board Regarding the Implementation of the Durbin Amendment) The Board’s December 16, 2010 proposal would, if implemented, impose...
July 18, 2011
Reasonable Regulation of Debit Interchange Fees
February 22, 2011 (Executive Summary of Comment Submitted to the Federal Reserve Board Regarding the Implementation of the Durbin Amendment) The Board’s December 16, 2010 proposal for regulating debit card...
July 18, 2011
Toward Reasonable Regulation of Debit Card Interchange Fees: The Case...
February 22, 2011 (Executive Summary of Comment Submitted to the Federal Reserve Board Regarding the Implementation of the Durbin Amendment) The Board’s December 16, 2010 proposal for regulating debit card...
July 15, 2011
Consumer Protection Act — Sec. 1075. Reasonable Fees and Rules...
(a) IN GENERAL.—The Electronic Fund Transfer Act (15 U.S.C. 1693 et seq.) is amended— (1) by redesignating sections 920 and 921 as sections 921 and 922, respectively; and (2)...
July 15, 2011
New Interchange Reform, Minimum Purchase and Discounting Options
On July 21, 2010 President Obama signed the Dodd-Frank Wall Street Reform and Consumer Protection Act into law (P.L.111-203), ushering in sweeping reforms of the banking industry including reforms of...
July 15, 2011
Tick Tock Goes the Durbin Clock- Eight Months to go...
The Durbin clock is ticking. A week from today the Fed will only have 8 of its 9 months left for some of the most sweeping price regulation the economy...
July 14, 2011
Sophisticated Hackers Threaten Security Models
Research and Markets (http://www.researchandmarkets.com/research/456dee/seventh_annual_car) has announced the addition of Javelin Strategy & Research’s new report “Seventh Annual Card Issuers’ Safety Scorecard: Sophistication of Hacker Attacks Threaten Traditional Security Models” to...
July 12, 2011
Former SEC Chairman Says Dodd-Frank Adds to “Over-Bloated Bureaucracy”
The New York Times reports Harvey Pitt, SEC chairman from 2001 to 2003 under President George W. Bush, testified Tuesday before the Senate Banking Committee that the Dodd-Frank legislation does...
With rising FinTech fraud and convincing deepfakes threatening their bottom lines, more than two in three FinTechs plan to expand their budgets to deploy tech that can detect true human liveness, as discussed in the latest PYMNTS “FinTech Tracker®,” a collaboration with Sezzle.
