ACI admits no wrongdoing in settling CFPB’s first-ever enforcement action over the handling of consumer data in the processing of mortgage payments.
Source: Inman News
Test triggering $2.3B in mortgage payments leads to $25M fine
Published in ace, ACH network, ACI Payments, ACI Wordwide, Automated Clearing House, Consumer Financial Protection Act, Consumer Financial Protection Bureau, Electronic Fund Transfer Act, Electronic payment processing, Mortgage, Mr. Cooper, Regulations and Technology
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