Payments

FSR advocates on behalf of members that provide and use payment products and services to promote fair competition, innovation and a vibrant payments industry.  Advocacy efforts focus on identifying trends, opportunities and challenges in a dynamic payments ecosystem, and addressing regulatory and compliance issues.

 

Response to Proposed Consumer Survey on Arbitration Provisions, 08-06-13

August 6, 2013

Financial Services Roundtable appreciates the opportunity to comment on the request by the Consumer Financial Protection Bureau (the “Bureau”) for information concerning a proposed survey of “consumer awareness of dispute resolution provisions in their agreements with credit card providers,” and “[w]ays to enhance the quality, utility, and clarity of the information to be collected” in the course of the survey.


FFIEC may be prepping guidance for mobile banking

July 26, 2013

In June 2013, BITS, the technology policy arm of Washington, DC-based The Financial Services Roundtable, released a layered security model for mobile banking. BITS says the model provides insight for banks on how to manage the risks facing their mobile banking platforms.


FINANCIAL SERVICES REPRESENTATIVES SAY BROAD, UNFOCUSED REGS ARE BIGGEST CONCERN

April 17, 2013

Tim Pawlenty, president and CEO of the Financial Services Roundtable, said a recent survey conducted by his group found respondents less worried about economic conditions as barriers to growth than the “cumulative effect of regulations. … We look at lack of clarity and certainty [with respect] to the timing, nature, and magnitude” of multiple rules initiatives.

Senate Unanimously Passes H.R. 4367, the ATM Disclosure Bill

December 20, 2012

Yesterday, the United States Senate unanimously passed H.R. 4367, the ATM Disclosure Bill, which continues to notify customers of any transaction fee and allows them to avoid paying the fee while no longer requiring ATM operators to affix a placard with the same notice that can be removed or defaced.