Payment Law Advisor Legal Commentary and Resources for the Payment Industry

Heather Coldwell

Posts by Heather Coldwell

Consumer Financial Protection Bureau Begins Accepting Consumers’ Money Transfer Complaints

By Heather Coldwell and Jonathan Lloyd on Posted in Regulatory and Compliance

Noting that “[i]t’s pretty incredible that you can quickly send money to almost anywhere in the country or abroad,” the Consumer Financial Protection Bureau (“CFPB”) recently announced it has begun accepting consumer complaints regarding money transfers as part of its broader consumer complaint system. This adds money transfers to the growing list of financial products on… Continue Reading

FDIC Releases 2011 National Survey of Unbanked and Underbanked Households

By Heather Coldwell on Posted in Regulatory and Compliance

The Federal Deposit Insurance Corporation (FDIC) recently published the results of the 2011 FDIC National Survey of Unbanked and Underbanked Households, a compilation of responses from nearly 45,000 households on their use of retail financial products and services.  (click here for the report; Section 7 of the Federal Deposit Insurance Reform Conforming Amendments Act of 2005,… Continue Reading

Money Transmitters Regulators Association

By Heather Coldwell on Posted in Regulatory and Compliance, Resource Database

The Money Transmitters Regulators Association (MTRA) is a national association consisting of state authorities in charge of regulating money transmitters and the sale of traveler’s checks, money orders, drafts and other money instruments.  Their annual conference involves an examiners school, which is limited to MTRA members only, and a public conference involving speakers on money… Continue Reading

Report from the Money Transmitter Regulators Association Annual Meeting

By Heather Coldwell on Posted in Regulatory and Compliance

Earlier this month, money transmitters and those who are interested in money transmission issues had the opportunity to meet state and federal regulators at the annual Money Transmitter Regulators Association (“MTRA”) conference, held in Seattle, Washington.  Panels of industry experts discussed issues facing regulators and industry participants, ranging from the risks and opportunities associated with… Continue Reading