The payment industry today barely resembles that of five years ago. US federal regulations such as the CARD Act of 2009, The Dodd Frank Act and Durbin amendment of 2010 and the creation of the Consumer Financial Protection Bureau (CFPB) have changed the rules for prepaid and other payments programs forever. New rulings and court actions based on these laws are changing the landscape every day. Are you prepared to be audited today?
Technology-enhanced fraud techniques continue to evolve. Criminals are getting more sophisticated and more organized. Technology enables large fraud rings that commit identity fraud, account takeover, and money laundering on unprecedented levels Crime and fraud are global. Are you looking in the right places?
At E&S, we continually analyze regulatory trends and changes that will affect your business in order to help manage your risk. Services include:
- Review of current regulatory updates including pending actions by CFPB, OCC etc.
- Audit remediation (Visa, MasterCard, FDIC, OCC, CFPB etc.)
- Experienced expert witness testimony
- Program reviews and audit remediation