Search Results: Payment Processing

CFPB: Principles for Faster Payment Systems

On July 9, 2015, the CFPB published a set of Consumer Protection Principles it believes should guide the financial industry in the development of newer, faster methods of payment.  These Principles, though merely suggestions, may help members of the financial industry anticipate the expectations of their regulators and develop new…

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Banks Beat Pennsylvania Payday Lender Class Action

In November 2014, we reported that class action lawsuits were being filed across the country by consumers against large banks regarding their involvement with short term loans.  These actions allege that lenders were engaging in unlawful practices relating to online short-term, small dollar – or “payday” – loans, and were…

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Retailers Beware: Shopping Apps Can Cost You, Too

Online shopping is widespread, and by now, most retailers have tailored their websites to ensure consumers are fully aware of their privacy, security, and dispute resolution rights and liabilities in buying products online.  However, as retailers and other companies increasingly launch mobile applications to allow their customers to purchase items…

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