New Threats From States and Old Ones From the CFPB: PF Regulatory Responsibilities Aren’t Getting Any Lighter

Payments
New Threats From States and Old Ones From the CFPB: PF Regulatory Responsibilities Aren’t Getting Any Lighter
Payment Facilitator Mobile Business Compliance Security Payments Industry
New Threats From States and Old Ones From the CFPB: PF Regulatory Responsibilities Aren’t Getting Any Lighter
As third parties, payment facilitators have a complicated regulatory framework to wade through. And it’s unlikely to get untangled any time soon, especially as state regulators look to clamp down on a payments industry they don’t fully understand, according to panelists at Payment Facilitator Day during the ETA’s TRANSACT 17 conference.

Prepaid, money transmission, data and cyber security, these are perennial worries, one panelist said, but one particular trend in state regulation has her very nervous.

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