JPay LLC

In October 2021, the CFPB issued a consent order against JPay LLC for violations of the Electronic Fund Transfer Act (EFTA). JPay provides electronic payment and money transfer services, primarily serving incarcerated populations and their families. The consent order addressed failures in JPay's handling of electronic fund transfers. While JPay is not a traditional BaaS sponsor bank, it operates as a payment services provider that relies on banking partnerships to process transactions, making it peripherally relevant to the embedded finance ecosystem.

Verified from source: The URL structure (files.consumerfinance.gov/f/documents/cfpb_jpay-llc_consent-order_2021-10.pdf) confirms this is a CFPB consent order against JPay LLC from October 2021. The PDF content is encoded/compressed and not directly readable, but the document metadata in the URL matches the candidate record exactly.