CFPB (Consumer Financial Protection Bureau)
The Consumer Financial Protection Bureau (CFPB) is a government agency that is responsible for protecting consumers from questionable financial practices.Learn More
MICR (Magnetic Ink Character Recognition)
Magnetic Ink Character Recognition refers to the recognition of the numbers that are typically found at the bottom of checks. Once recognized, the numbers can automatically be processed by a payment processor.
TILA (Truth in Lending Act)
The Truth in Lending Act requires the full disclosure of finance charges and terms with regard to costs associated with borrowing.Learn More