Payments Archives - Financial Innovation Now

In Credit, Data, General News, Mobile, Payments, Regulation

Posted July 31, 2018

FIN Statement on U.S. Treasury Report on Financial Technology; Leading Innovators Praise Policy Goals

July 31, 2018 – The U.S. Department of the Treasury today released a report outlining a number of policy proposals to modernize federal financial services regulations. The Treasury report aligns [...]

By Lauren Greenwood

In Credit, Mobile, Payments, Regulation

Posted July 24, 2018

U.S. Report on Financial Technology – Key Takeaways

The U.S. Government Accountability Office (GAO) recently released a report on the regulation of financial technology. The report, “Financial Technology: Additional Steps by Regulators Could [...]

By page.lysupportadmin

In Financial Inclusion, Payments, Uncategorized

Posted April 24, 2018

Industry Group Releases Faster Payments Governance Framework Draft, FIN Urges Inclusive Approach

April 24, 2018 – Under leadership of the Federal Reserve, an industry group today called for public input on a draft proposal for a new payments governance organization that aims to facilitate [...]

By Brian Peters

In Financial Inclusion, Payments

Posted January 26, 2018

FIN Supports ACH Payment Expansion, Weekend and Holiday Processing

January 26, 2018 – Financial Innovation Now today supported a NACHA proposal to expand same day payments and payment processing on weekends and holidays. FIN’s comment letter states: [...]

By Brian Peters

In Payments, Regulation

Posted January 25, 2018

FIN Welcomes CFPB Prepaid Rule Delay, Urges Ongoing Tech Flexibility

January 25, 2018 – Today the Consumer Financial Protection Bureau issued final changes to is Prepaid Accounts Rule, which include a delay in the effective date of the rule until April 2019. [...]

By Brian Peters

In Mobile, Payments, Regulation

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 [...]