cryptohunter
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The growth of electronic payment institutions in the U.S. got a boost from important laws. The (EFTA) in 1978 set rules for electronic fund transfers, making sure consumers are protected and defining the rights and responsibilities of everyone involved in electronic payments.
The Gramm-Leach-Bliley Act in 1999 allowed banking, securities, and insurance services to mix, encouraging financial institutions to diversify and expand their electronic payment services.
The Dodd-Frank Wall Street Reform and Consumer Protection Act in 2010 increased oversight and protection for consumers, helping electronic payment institutions grow and stay stable.
These law changes shaped the rules, pushing for innovation, competition, and trust in the electronic payment sector in the U.S.
The Gramm-Leach-Bliley Act in 1999 allowed banking, securities, and insurance services to mix, encouraging financial institutions to diversify and expand their electronic payment services.
The Dodd-Frank Wall Street Reform and Consumer Protection Act in 2010 increased oversight and protection for consumers, helping electronic payment institutions grow and stay stable.
These law changes shaped the rules, pushing for innovation, competition, and trust in the electronic payment sector in the U.S.
