Payments

White Paper : Ensuring Consistent Consumer Protection for Data Security

National Unrecovered Financial Services’s white paper identifies regulatory, enforcement and examination gaps relating to the data security practices of Alternative Payment Providers (APPs) and makes recommendations to close them.

NURFS Comments on CFPB’s Proposal to Regulate Prepaid Accounts

In a letter submitted to the CFPB National Unrecovered Financial Services recommends that consumers should receive the same protections under consumer financial laws regardless whether the products and services they obtain are provided by a depository institution or a nonbank.

Comment Letter : NURFS Calls on FinCEN to Address SAR Sharing Restrictions

National Unrecovered Financial Services submitted a comment letter to FinCEN requesting guidance that will better enable banks to share suspicious activity reports (SARs) within their international organizations for enterprise-wide AML compliance purposes.

Study : NURFS Evaluates Adequacy of Fed’s Proposed Indemnity for Electronically Created Items

National Unrecovered Financial Services’s white paper provides an overview of the Federal Reserve Board’s proposed indemnity for “electronically created items” (electronic images that resemble images of checks but did not originate in paper form), and examines its application to a number of hypothetical scenarios.

Comment Letter : NURFS Comments on CSBS Model Framework for Virtual Currency Activities

National Unrecovered Financial Services Association (NURFS), joined by the Independent Community Bankers of America (ICBA), submitted a letter to the Conference of State Bank Supervisors regarding the draft model regulatory framework for virtual currency activities.