Aug 7, 2019 | Banks & Credit Unions, News
← Previous Article Next Article → Last week, we told readers that Federal Reserve (Fed) Chairman Jerome Powell was “seriously considering” a real-time payments system. A week later, the Fed officially announced that it would begin developing a...
Aug 7, 2019 | Federal Regulation, Litigation, News
← Previous Article Next Article → On August 2, 2019, the defendants and plaintiffs in a lawsuit over the Consumer Financial Protection Bureau’s (CFPB) Small-Dollar Rule asked a Texas district court to continue its stay of the Rule, including both the...
Aug 2, 2019 | Banks & Credit Unions, Federal Regulation, News
← Previous Article Next Article → In a letter to Congress, Federal Reserve Chairman Jerome Powell indicated that the U.S. Federal Reserve (Fed) was “seriously considering” a real-time payments system, and that the Fed was uniquely structured to oversee the...
Jul 30, 2019 | Federal Regulation, News
← Previous Article Next Article → A federal court in Texas recently shutdown a “rogue payment processor” and a “credit card interest reduction scheme” that allegedly took millions of dollars from consumers illegally, according to the Federal Trade Commission...
