The CFPB announced this week that it has entered into a consent order with ACI Worldwide Corp. and one of its subsidiaries, ACI Payments, Inc., in connection with more than 1.4 million erroneous electronic fund transfer payment instructions initiated by ACI through the ACH Network (ACH Entries).  In its press release, the CFPB calls the matter its “first action addressing unlawful information handling practices in processing mortgage payments.”  … Continue Reading