Join us for one of our upcoming monthly telephone briefings led by members of our Fintech team:
The Consumer Financial Protection Bureau (CFPB) announced final rules on Wednesday concerning prepaid accounts under the Electronic Fund Transfer Act (Regulation E) and the Truth In Lending Act (Regulation Z). The final rules include disclosure requirements and substantive limitations on prepaid cards as well as new requirements for overdraft service on prepaid cards. The new rules apply broadly to prepaid cards, including certain mobile wallets, P2P platforms, reloadable prepaid cards, payroll cards and cards used to deposit certain government benefits. Online accounts used to store money electronically will also be covered.
This call will be an operator-assisted call of approximately 45 minutes in duration, and will be followed by a brief Q&A opportunity. We also invite you to submit questions before the start of the call. A replay will be available upon request.
In order to RSVP for the October call, and to submit questions, please email us.