cryptohunter
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In 2010, the Dodd-Frank Act was put in place to keep an eye on banks and protect people. Even though it mainly dealt with banking changes, it indirectly influenced rules for electronic payments by creating the CFPB
The Dodd-Frank Act wanted financial transactions to be open, fair, and accountable. This made people look more closely at how payments were being done. The act also helped set rules for prepaid cards, making sure fees and terms were clear. It also helped in fighting against fraud in electronic payments.
The Dodd-Frank Act wanted financial transactions to be open, fair, and accountable. This made people look more closely at how payments were being done. The act also helped set rules for prepaid cards, making sure fees and terms were clear. It also helped in fighting against fraud in electronic payments.
