Payments – Financial Innovation Now

Posted August 11, 2017

FIN Urges CFPB Flexibility on Digital Wallets; Seeks More Time on Prepaid Card Rule

August 11, 2017 – Today FIN filed comments in response to the Consumer Financial Protection Bureau’s proposed amendments to its new rule on prepaid cards. The following statement is attributed to [...]

By Brian Peters

In Payments

Posted July 21, 2017

FIN Praises Fed Momentum on Faster Payments; Calls on Congress to Ensure 2020 Date Certain for Realtime Payments

July 21, 2017 – Today the Federal Reserve Faster Payments Task Force released its final report and recommendations to achieve faster payments in the United States. The following statement is [...]

By Brian Peters

In Legislation, Payments

Posted May 5, 2017

FIN Opposes CHOICE Act’s Repeal of Debit Reforms

May 5th, 2017 – Following yesterday’s Committee passage of the CHOICE Act, Financial Innovation Now expressed its significant concerns regarding language in the bill that repeals current [...]

By Brian Peters

In Financial Inclusion, Payments, Regulation

Posted March 10, 2017

FIN Welcomes CFPB Delay on Prepaid Rule

March 9, 2017 – Today the Consumer Financial Protection Bureau announced a proposal to delay implementation of its new rule on prepaid cards, including consideration of substantive changes [...]

By Brian Peters

In Financial Inclusion, Payments, Regulation

Posted March 1, 2017

FIN Expresses Significant Concern with Iowa Digital Wallet Tax

March 1, 2017 – Today Financial Innovation Now expressed significant concerns with an Iowa proposal to tax digital wallet transactions. In a letter to the Iowa House Judiciary Committee, FIN [...]

By Brian Peters

In Financial Inclusion, Payments

Posted January 26, 2017

FIN Praises Fed’s Faster Payments for the Underbanked

January 26, 2017 – Today Financial Innovation Now praised the work of the Fed’s Faster Payments Task Force, in particular its benefits to the financially underserved. The Task Force today [...]