The Innovative Payments Association (IPA) has submitted a comment letter to the Federal Election Commission (FEC) highlighting the vital role of prepaid accounts in financial inclusion and the robust regulatory framework already governing their use. Prepaid accounts are more than just financial tools—they’re lifelines for millions of unbanked and underbanked Americans, offering secure and accessible ways to manage everyday finances, including making political contributions. Key Highlights: ▶️ Prepaid accounts comply with rigorous BSA/AML requirements. ▶️ Reloadable cards provide transparency and trackability. ▶️ Proposed amendments could unintentionally stigmatize this essential financial tool. To learn more, read our recent blog post and download the full comment letter @ https://lnkd.in/ed6yF9S2 #PrepaidCards #FinancialInclusion #CampaignFinance #Regulations #InnovativePayments
Innovative Payments Association’s Post
More Relevant Posts
-
In this Public Chatter blog post, partner David Matheson notes a re-proposal of a Dodd-Frank rulemaking that still has not been adopted by a number of banking regulators. https://bit.ly/44MWgYK #DoddFrank #CorpGov #CorporateGovernance #PublicChatterBlog
-
By-laws and rules lay out the roles, responsibilities and obligations of our member financial institutions on the appropriate handling of #payment items exchanged, cleared and settled via our payment systems. Find out more about the latest updates and amendments to our rules and by-laws. https://lnkd.in/e23uMbhS #PaymentsMatter
-
-
The government approves PAN 2.0, introducing enhanced features to simplify financial transactions and improve accessibility. Here's what the upgraded Permanent Account Number means for you. https://lnkd.in/gN7CUCtV #PANCard #PancardUpdate #PanCANawareness #LatestNews
Govt Greenlights PAN 2.0: Here’s What It Means
https://www.felanews.com
-
RIA Attorney focused on compliance, M&A and business contracts that’s served hundreds of advisors to give peace of mind | I’m totally blind
The new rule adopted yesterday by the FTC banning noncompetes could represent good news for advisors seeking to make a transition. However, advisors should proceed with abundant caution for a variety of reasons including the fact that: - the rule does not take effect until late August at the earliest - the rule is very likely to be challenged in court which could delay its implementation - the rule does not necessarily ban non-solicitation restrictions prohibiting taking customers/clients - the rule does not cover existing noncompetes for certain “senior executives” - the rule does not cover all financial institutions such as banks. Please reach out if you would like to better understand how the new rule banning noncompetes could impact your current situation. #wealthmanagement #financialservices #financialadvisors #investmentadvisers #RIAs
-
With the federal government announcing on April 16 its intention to soon introduce framework legislation to implement an open-banking system, it’s crucial for lawyers to understand the fundamentals, regulatory landscape, challenges and opportunities such a significant change would present. Stay ahead of the curve with insights from our experts. https://lnkd.in/guEVNAt4
-
-
Have you seen our must-read guide on Section 1033 of the Dodd-Frank Act? ✨ The CFPB Section 1033 proposed ruling is expected to be implemented in the U.S. this fall, so we've put together an essential guide for you to download, digest and share with colleagues! Get more information about Section 1033 here: https://ow.ly/M7qz50SYzUY Eyal Sivan #DoddFrank #Section1033 #USBanking #OpenBanking
-
Payment services regulations – What do regulators still need to address? Sam Haskins, Managing Director on the Financial Services team outlines additional focal points that the government and regulators should address to enhance the effectiveness of the regulatory environment. Read more here: https://lnkd.in/eW8yQH7s #UKFinance #FTIConsulting #PaymentServicesRegulations
Payment services regulations – What do regulators still need to address?
fticonsulting.social
-
The more you know.... Learn more about the impact of credit card surcharging on payments in this thought-provoking article. #payments #opinion #Billtrust
Surcharging doesn’t have to be a bad word
-
Payment services regulations – What do regulators still need to address? Sam Haskins, Managing Director on the Financial Services team outlines additional focal points that the government and regulators should address to enhance the effectiveness of the regulatory environment. Read more here: https://lnkd.in/e_CTVp5N #UKFinance #FTIConsulting #PaymentServicesRegulations
Payment services regulations – What do regulators still need to address?
fticonsulting.social
-
Healthcare Regulatory Compliance Expert | Investigations, Litigation, Compliance Program Improvement
Payment services regulations – What do regulators still need to address? Sam Haskins, Managing Director on the Financial Services team outlines additional focal points that the government and regulators should address to enhance the effectiveness of the regulatory environment. Read more here: https://lnkd.in/gHMdFyf8 #UKFinance #FTIConsulting #PaymentServicesRegulations
Payment services regulations – What do regulators still need to address?
fticonsulting.social
