Tag Archives: Automated Clearing House

Test triggering $2.3B in mortgage payments leads to $25M fine

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ACI admits no wrongdoing in settling CFPB’s first-ever enforcement action over the handling of consumer data in the processing of mortgage payments. Continue reading →

DepositLink to enable electronic payments for 1,400 NY agents

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A growing number of companies facilitate electronic payment of earnest money and commissions through the ACH network. Continue reading →