Statute
Regulation E
92 published works
Consumer Finance Monitor
Five Democratic Senators urge CFPB to revise remittance transfer rule
By Kristen E. Larson, Ballard CFS Group
The Remittance Transfer Rule (“Remittance Rule”), Subpart B of Regulation E, 12 C.F.R. §§ 1005.30 to 1005.36, requires transfer providers to provide prepayment disclosures to consumers prior to paying for…
The Fintech Report
Fintech Legal Report—Week of July 22, 2022
By Sam Boro
Weekly Fintech Focus Democratic senators urge CFPB to focus on bank liability for fraud occurring on P2P payment platforms.CFPB and OCC issue $225M fine to a bank for failures related…
Consumer Finance Monitor
Delaware federal district court holds use of overdraft notice template did not shield credit union from Regulation E or state law liability
By John L. Culhane, Jr., Ballard CFS Group
A Delaware federal court has refused to dismiss a class action complaint filed against a credit union that alleges the credit union violated Regulation E and the Delaware Consumer Fraud…
Consumer Finance Monitor
CFPB expected to issue new guidance requiring banks to repay more fraud victims
By John L. Culhane, Jr., Michael Gordon
According to a WSJ report, the CFPB is preparing to release new guidance that would require banks to make refunds to victims of scammers who defraud consumers into sending money…
Consumer Financial Services Law Monitor
Delaware Overdraft Fee Decision Highlights Ongoing Compliance Concerns for Opt-In Forms
By Alan D. Wingfield, Meagan Mihalko, Brooke Conkle
On July 19, the U.S. District Court for the District of Delaware issued a decision that should draw the attention for banks that charge overdraft fees for overdraft protection. In…
Consumer Financial Services Law Monitor
Troutman Pepper Weekly Consumer Financial Services COVID-19 Newsletter
By Alan D. Wingfield, Ethan G. Ostroff, Ronald I. Raether, Jr., Jed Komisin, Elizabeth Briones, Edgar Vargas, Dan Stillman, Graham Dean, Robyn Lin
Like most industries today, Consumer Finance Services businesses continue to be significantly impacted by COVID-19. To help you keep abreast of relevant activities, below find a breakdown of some of the…
Consumer Finance Monitor
Signaling more joint enforcement with states, CFPB files lawsuit with NY Attorney General against “repeat offender” MoneyGram
The CFPB and the New York Attorney General have filed a lawsuit in a New York federal district court against MoneyGram International, Inc. and MoneyGram Payment Systems, Inc. (MoneyGram) in…
Consumer Financial Services Law Monitor
CFPB Releases Spanish Language Translations of Reg E Forms, Models, and Samples
By Chris Willis, Stefanie Jackman, Jason Cover
On April 29, the Consumer Financial Protection Bureau (CFPB or Bureau) released Spanish language translations for certain model and sample forms included in the Prepaid Rule in Regulation E and…
Consumer Financial Services Law Monitor
Troutman Pepper Weekly Consumer Financial Services COVID-19 Newsletter
By Ethan G. Ostroff, Robyn Lin, Graham Dean, Elizabeth Briones, Ronald I. Raether, Jr., Dan Stillman, Jed Komisin, Edgar Vargas, Alan D. Wingfield
Like most industries today, Consumer Finance Services businesses continue to be significantly impacted by COVID-19. To help you keep abreast of relevant activities, below find a breakdown of some of…
Consumer Finance Monitor
FDIC Consumer Compliance Supervisory Highlights looks at unauthorized EFTs, overdraft programs, re-presentment of unpaid transactions, and fair lending
The FDIC has issued the March 2022 edition of Consumer Compliance Supervisory Highlights which includes a description of some of the most significant consumer compliance issues identified by FDIC examiners…