Featured Articles

TCPA Is Not Dead Yet - Court Trebles Eight Figure TCPA Award While World Awaits ACA Decision

OIG Report: CFPB Can Improve Enforcement Data Security

High Court Takes On FDCPA 'Debt Collector' Definition

4 Things the CFPB is Working On

DC Circ. Rebukes CFPB in Civil Investigative Demand


Troutman Sanders logo

Troutman Sanders Regulatory Reports

May 2017

April 2017

March 2017


Fintech Update

State Bank Regulators Sue to Stop OCC Fintech Charters

Former OCC Chief Defends Fintech Charter

CSBS Announces Vision 2020 for Fintech and Non-Bank Regulation


Consumer Protection Update

CFPB Monthly Complaint Report Spotlights Student Loans

CFPB Supervisory Highlights - Spring 2017

CFPB Monthly Snapshot Spotlights Complaints from Older Consumers


Regulatory Guidance

FRB Announces Final Amendments to Reg CC and RFC on Additional Amendment

OCC Releases FAQs Related to Third-Party Relationships


BSA/AML Update

AML & Sanctions 2017 Report on Trends & Developments


Dod-Frank Update

House Passings Sweeping Bill to Roll Back Dodd-Frank


Enforcement Matters

FDIC Settles with Bank of Lake Mills, Freedom Stores, and Military Credit Services for Unfair and Deceptive Practices

CFPB Fines Auto Lender $1.25M

Frontier $11M Settlement for Violation of TCPA

Dish Hit With $280M Penalty In TCPA Suit By Feds, States


TPPPA Calendar

WesPay Payments Symposium
Newport Beach
9/11 - 9/13
(Speaker)

ACAMS Annual Conference
Las Vegas
9/25 - 9/27
(Speaker Proposal Submitted)

Money 20/20
Las Vegas
10/22 - 10/25
(Speaker Proposal Submitted)


Thank you to our Sponsor!

Tek Stream logo


Connect with Us!



compliance wall

One of the most critical components to having an effective risk-based compliance management system is information. The TPPPA Newsletter is designed to provide readers with news and insight related to compliance matters that impact third-party payment processing.

Picture of Marsha Jones

In this issue you will find a variety of articles related to Consumer Protection. Of note, in a speech to the Consumer Advisory Board, CFPB Director Richard Cordray discusses four things the CFPB is working on. These include: Credit Visibility, Credit Invisibility, Small Business Financing Data Collection and Common Sense Rules for Debt Collection. The CFPB Consumer Complaint Reports for April and May discuss Student Lending Complaints and Complaints from Older Consumers. These articles point to what to watch for in the future related to Consumer Protection initiatives of the CFPB.

Also of note are a variety of FTC actions related to the Telephone Consumer Protection Act (TCPA). The FTC has aggressively pursued payment processors that process payments for companies that violate the TCPA. Based on recent news and actions, this remains a high priority for the FTC.

It is critical that payment processors and banks stay informed related to matters of interest to the CFPB and the FTC and actively interrogate their compliance programs to ensure that the proper Consumer Protection controls are proactively implemented to avoid becoming the next enforcement action to hit the news. The TPPPA and our partners offer a variety of free training to support organizations in their ongoing compliance efforts. Check out the training highlighted below.

Thank you for your interest in the TPPPA. We hope this newsletter helps your company to stay informed and stay out of the news!

Marsha Jones, AAP, NCP, CAMS
TPPPA President



G2 KYCC seminar ad

Click Here to Register


Introduction to the TPPPA

July 25, 2017 at 2:00 PM EDT

The TPPPA will be conducting an Introduction to the TPPPA in webinar format on Tuesday, July 25th @ 2:00 p.m. ET. Please join us to learn about: TPPPA's membership, mission and purpose; our industry best practices in third-party payment processing, known as the TPPPA Compliance Management System (CMS); our CMS Certification Program for banks and third-party payment processors, as well as initiatives planned for 2017.

Click Here to Register!


Learning key

Upcoming Public Training

Understanding the Implications of New Payments Legislation and the Impact of Chargebacks and Unauthorized Returns

July 13, 2017 at 2:00 PM EDT

In today's dynamic and evolving payments landscape, industry members must understand both their own responsibilities and consumer rights. Failing to recognize and comply with regulatory changes can result in chargebacks and/or unauthorized returns --which severely limit profitability and scalability for issuers, acquirers, and merchants alike. This session will reveal new industry updates and fee schedules, as well as how these changes may impact your business.

Click Here to Register!

Decrypting TPPP Compliance with TSR and ROSCA - Avoiding FTC Enforcement Actions

July 18, 2017 at 2:00 PM EDT

Karen Hobbs from the Federal Trade Commission (FTC) Bureau of Consumer Protections joins this webinar to help Payment Processors under the requirements of the Telemarketing Sales Rule and Restoring Online Shoppers Confidence Act. Both of these consumer protection regulations are enforced by the FTC. Learn about enforcement actions against processors and merchants that failed to comply, and learn about how you can update your Compliance Management Systems to avoid costly enforcement actions.

Click Here to Register!


Best Practices

Upcoming Member Training

TPPPA Best Practices for Payment Processors

Join us this summer for another great TPPPA Member's Only Series "TPPPA Best Practices for Payment Processors" where we will delve into the details of the TPPPA Compliance Management System for Processors. TPPPA Members never pay for training and all sessions are recorded for members that cannot participate. Dates and Times to be Determined.

  • Building an Effective Compliance Management Program
  • Enterprise Risk Assessment
  • Consumer Protection Requirements and Consumer Complaints
  • Building a BSA/AML/OFAC Program
  • Merchant Due Diligence
  • Monitoring and Reporting


TekStream Solutions logo

Our FinTech Recruiting Division offers a full range of solutions designed specifically to address the industry's needs; including tactical search, skill based assessments, and strategic advisement. We partner with public, private equity, and venture-backed firms in all sizes ranging from pre-revenue to Fortune 500.

Our experienced recruitment team has placed top candidates in all-level positions with many of the fastest growing companies; including: financial institutions, banks, processors, ISOs and gateways. While our primary focus is technology, we understand the many intricate aspects involved with payment industry survival - compliance, sales/marketing, product engineers and HR.

Jayme Danielson heads up our FinTech Recruiting Division as our in-house payments specialist. Jayme is an Atlanta native, graduating from Oglethorpe University. She worked for an Atlanta-based ISO for several years before coming to TekStream where she takes industry knowledge and experience to provide a consultative and uniquely informed perspective to FinTech client searches.

Interested in a Conversation? Contact Jayme.Danielson@TekStream.com or 404-558-1118