Electronic Fund Transfer Act

Chime Inc. Faces CFPB Action for Alleged Deceptive Practices on Sendwave App
Chime Inc. Faces CFPB Action for Alleged Deceptive Practices on Sendwave App
October 17, 2023  |  CFPB

The Consumer Financial Protection Bureau (CFPB) has taken action against Chime Inc., the operator of the Sendwave mobile app, for deceiving consumers about the speed...

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CFPB Tweaks Proposed Prepaid Payroll Card Rules
CFPB Tweaks Proposed Prepaid Payroll Card Rules
July 14, 2017  |  B2B Payments

As a few individual states in the U.S. examine payroll and debit card rules, the Consumer Financial Protection Bureau also has this product on its...

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Durbin Debit Cap Holding Steady
Durbin Debit Cap Holding Steady
September 23, 2014  |  Cool

Though Congress passed a law capping debit card issuers’ per-transaction interchange income at essentially 24 cents—about half the average issuer take previously—many merchants remain convinced...

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