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Category: Industry and markets

Consumer Protection Principles: Consumer protection in new faster payment systems

Faster payment systems hold great promise for consumers. New payment systems may provide them with greater utility and more effective account management, enabling consumers to take greater control of their financial lives. But to be safe, transparent, accessible, and efficient, faster payment systems must keep certain consumer protection concerns in mind.

Consumer protection principles

CFPB's vision of consumer protection in new faster payment systems