Current Developments in Bank Deposits and Payment Systems
By EsqSocial Corporation 26/04/21
[co-author: D. Patrick Yoest] INTRODUCTION This survey summarizes several recent developments affecting bank deposits and payment systems. These include payments-related consent orders and enforcement actions by the Consumer Financial Protection Bureau (“CFPB”) and the Federal Trade Commission (“FTC”), amendments to the remittance transfer provisions of the Remittance Rule related to reporting requirements for the disclosure of rate and fee information for international money transfers, and...
By: Hudson Cook, LLP