Uncategorized – ETA | Electronic Transactions Association

ETA Announces Corporate Self-Regulation Program, Demonstrating Payments Industry Commitment to Fighting Fraud

Washington, D.C. – September 4, 2018 – The Electronic Transactions Association (ETA) today announced the ETA Self-Regulation Program (ETA SRP) which seeks to improve security and reduce risk in the payments industry by identifying and acknowledging underwriters who have a deep understanding of the risks associated with financial services. ETA SRP is based on the…

ETA Sends Letter Supporting H.R. 4607, the Comprehensive Regulatory Review Act

February 26, 2018 On behalf of the Electronic Transactions Association (ETA), I write in support of H.R. 4607, the Comprehensive Regulatory Review Act, which would increase the frequency of Economic Growth and Regulatory Paperwork Reduction Act (EGRPRA) reviews, expand EGRPRA reviews to include all regulated institutions instead of only insured depository institutions, and subjugate the…

ETA submits comments to the BASEL Committee Consultative Document, “Implications of Fintech Developments for Banks and Bank Supervisors”

ETA’s comments to the BASEL Committee Consultative Document – Implications of Fintech Developments for Banks and Bank Supervisors – make ten recommendations for financial institutions and regulators to consider when addressing the changes brought on by FinTech. In general, the recommendations take existing regulatory principles like safety and soundness, tailoring for risk, coordination with other…

ETA Welcomes Elizabeth Ryan of Wells Fargo to Board of Directors

WASHINGTON, DC ─ The Electronic Transactions Association (ETA), the trade association of the global payments technology industry, today announced that Elizabeth (Liz) Ryan, Executive Vice President and Wholesale Merchant Services Segment Executive at Wells Fargo, has joined the ETA Board of Directors. “The ETA Board of Directors reflects our changing industry, including the nation’s largest…

ETA Signs Joint Trade Letter to the FCC Regarding TCPA

March 10, 2017 I. Summary of Petitioners’ Arguments. The Petitioners are asking the Commission to issue a rule requiring written consent for all calls made to wireless and residential lines subject to TCPA restrictions. In a further effort to expand their opportunity for TCPA litigation, the Petitioners are seeking a declaratory ruling to overturn the…

ETA Signs Joint Trade Letter Supporting Reform of the Telephone Consumer Protection Act (TCPA)

March 9, 2017 Dear Chairmen Walden and Ranking Member Pallone: This week, the full House of Representatives is scheduled to vote on H.R. 985, the Fairness in Class Action Litigation Act of 2017 (FICALA). We write to express our support for H.R. 985, as it addresses many problems associated with overbroad and procedurally abusive class…

ETA Signs Joint Trade Letter Supporting CRA Resolution Disapproving of the FCC Broadbrand Privacy Rules

March 7, 2017 Dear Chairman Thune and Ranking Member Nelson, We, the undersigned organizations and trade associations, thank the Senate Commerce, Science, and Transportation Committee for holding its oversight hearing of the Federal Communications Commission (“FCC”) and congratulate Commissioner Ajit Pai on his designation as Chairman. We oppose the FCC’s midnight Broadband Privacy Rule, which…

ETA Payments Fast Facts – Five Things You Need to Know About Prepaid Cards

December 19, 2016 1. Prepaid Cards Provide Many of the Same Benefits of Bank Accounts GPR prepaid cards are not phone cards or gift cards. The only differences between GPR and traditional credit or debit cards is that they do not need to be linked to a bank account, and they require no proof of…

ETA Signs Joint Trade Letter in Support of House Amendment to Require the CFPB to Reexamine Pending Arbitration Regulations

December 1, 2015 TO THE MEMBERS OF THE SENATE AND HOUSE COMMITTEES ON APPROPRIATIONS: The undersigned associations—representing businesses of all sizes and sectors of the economy—strongly support maintaining the Womack-Graves amendment to the Fiscal Year 2016 Financial Services and General Government Appropriations bill (section 632 of H.R. 2995 and its associated report language) in any…

ETA Signs Letter in Support of H.R. 1266 the Financial Product Safety Commission Act

September 11, 2015 As trade associations, representing thousands of financial institutions, banks, credit unions, and businesses of all sizes serving America’s consumers, we write to express our strong support of H.R. 1266, the Financial Product Safety Commission Act, bipartisan legislation introduced by Chairman Randy Neugebauer (R-TX) and being considered during Wednesday’s House Financial Services Committee…