CFPB Alleges Third-Party Payment Processor Disregarded Merchant Fraud

CFPB Alleges Third-Party Payment Processor Disregarded Merchant FraudOn March 3, 2021, the Consumer Financial Protection Bureau (CFPB) filed a complaint in the Northern District of Illinois against a third-party payment processor and its founder and former CEO alleging that defendants violated the Consumer Financial Protection Act and the Telemarketing Sales Rule. The CFPA prohibits unfair acts and practices.  An act or practice is unfair…,Read More