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ETA Statement on the CFPB Prepaid Card Rule Extension

March 10, 2017 – The Consumer Financial Protection Bureau (CFPB) announced late Thursday that it will consider extending for six months the effective date of its Prepaid Card Rule, a 1,689 page rule issued in October 2016. “We appreciate the CFPB considering extending the effective date of the Prepaid Card Rule, but the underlying substance of the rule remains unchanged and will harm millions of underserved Americans,” said Scott Talbott, SVP of government...

ETA Signs Joint Trade Letter Supporting Class Action Reform

March 8, 2017 TO THE MEMBERS OF THE U.S. HOUSE OF REPRESENTATIVES: The undersigned organizations write to express our support for H.R. 985, the “Fairness in Class Action Litigation Act of 2017” (FICALA). We are encouraged that legislative action is underway to address the trial lawyer-driven class action abuses that have long saddled American business owners with unnecessary and burdensome litigation. Please view the full joint trade by following this link....

Public Relations & Communications Coordinator

POSITION TITLE: Public Relations & Communications Coordinator FLSA STATUS: Non-Exempt REPORTS TO: Director, Communications REVISED: March 7, 2017 ORGANIZATIONAL OVERVIEW: The Electronic Transactions Association (ETA) is the global trade association representing more than 500 payments and technology companies. ETA members make commerce possible by processing more than $5 trillion in purchases in the U.S. and deploying payments innovations to merchants and consumers....

ETA Submits Comments to the CFPB Regarding Consumer Access to Financial Records

February 21,2017 The Electronic Transactions Association (“ETA”) submits these comments in response to the Consumer Financial Protection Bureau’s (“CFPB”) request for information (“RFI”) on the consumer benefits and risks associated with products and services that rely on access to consumer financial account and account-related information, including access to data by entities acting with consumer permission. Please view ETA’s...

ETA Sends Letter Urging Action on the CFPB Rule on Prepaid

ETA today sent a letter to members of both the House and Senate requesting their support for use of the Congressional Review Act (CRA) to further examine the Consumer Financial Protection Bureau (CFPB) final rule on prepaid cards. Joint resolutions have been introduced in the House (H.J.Res.73) and Senate (S. J. Res. 19) to achieve this goal. If implemented, the final CFPB rule would stifle innovation by imposing an inflexible, one-size-fits-all framework on a variety of...

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