In this episode of the Innovative Payments Association Podcast, we present highlights from our members-only publications and cover industry developments, federal regulation, state legislation, and more.
Among the topics we cover are bill that seek to update California laws in the wake of the California Consumer Privacy Act of 2018. Two bills seek to make changes based on the provisions or the act.
We also talk about what is going on at the CFPB and how pending legislation seeks to change that.
We also talk about how American’s feel about their financial situation and why the Fed’s research into this topic is important for financial services providers.
If you are a current member, make sure you are getting the full value of your membership by subscribing to our podcast, Payments Update Newsletter, and our Government Update Newsletter. Also make sure that you are following our blog, twitter feed, and LinkedIn page for regular intelligence on the industry, regulation and legislation. And make sure that we are getting your company’s news.
If you are not member, give this episode a listen, and if you want to stay up to date on the innovative payments world, join today.
In the latest episode of the Innovative Payments Pod, Dr. Billy J. Hensley, the president and CEO of the National Endowment for Financial Education addresses the question of whether or not financial education works.
He talks about why financial education is an ongoing process and why we rely on a single course in high school to make people financially literate. People need a foundation that helps them make sense of financial information. Companies need to help by providing good information in an ongoing way.
This will help financial services providers develop a better customer base. Educated customers who build their resources and financial reserves will need more services.
You can learn more about NEFE and its work here: https://www.nefe.org/
If you are not member, and you want to stay up to date on the innovative payments world, join today. You can find out more at http://www.ipa.org.
The police often hear about prepaid card fraud before the industry does. They get calls from people who have been the victims of criminals. In the process of collecting the reports, they get information on how criminals perpetrate their scams.
In this episode of the IPA Payments Pod, Innovative Payments Association (“IPA”) the association presents highlights from one its Financial Crimes Task Force calls. While recordings of these calls are normally posted for members only on our Web site, the Association and our guest, Chief Steven Lewis, thought it should be shared more broadly. Chief Lewis is the head of the Ellisville, Mo., Police Department. He described the kinds of fraud attacks that are reported to his department and discussed ways the industry and law enforcement might be able to work together to combat financial crimes involving prepaid cards.
The Association is interested in finding ways to help prevent crime before it happens, and in solving crimes when they do. We invite interested parties to reach out with ideas and intelligence on financial crimes to help us in this work.
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