Tag: transaction declines
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CFPB targets fees on real-time transaction declines
CFPB Targets Fees on Real-Time Transaction Declines The Consumer Financial Protection Bureau (CFPB) is taking a closer look at the fees imposed on real-time transaction declines by financial institutions. The move is part of an effort to protect consumers from unfair practices and promote transparency within the industry. Real-time transactions, where funds are instantly deducted…