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Advocates Applaud the Fed’s Faster Payment System, Urge Fraud Protection

August 6, 2019

FOR IMMEDIATE RELEASE: August 6, 2019 Washington, D.C. – Advocates at the National Consumer Law Center applauded yesterday’s announcement by the Federal Reserve Board (the Fed) that it will develop a real-time payment system, while urging the Fed to ensure protection against scammers and criminals who use faster payment systems to receive and move money.…

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New Protections for Prepaid Accounts

March 28, 2019

Download issue briefs summarizing protections for prepaid cards and accounts, payroll cards, and government benefit prepaid cards at https://www.nclc.org/issues/prepaid-debit-cards.html. (WASHINGTON) A new rule issued by the Consumer Financial Protection Bureau (CFPB) goes into effect April 1 providing protections for prepaid cards, payroll cards, government benefit cards, and certain mobile and online person-to-person payment services. “Consumers…

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