CFPB Final Rule on Prepaid Accounts: What is the Impact on Compliance, Required Disclosures, and What to Expect Going Forward in the Market

American Conference Institute's 17th National Forum on Prepaid Card Compliance

01/30/2017 08:05 a.m. - 09:25 a.m.

Banking + Financial Services, Financial Institutions + Financial Services, Financial Services, Financial Services Enforcement, and Financial Services Litigation

The Omni Shoreham Hotel
2500 Calvert St NW
Washington, 20008

Obrea O. Poindexter

Obrea O. Poindexter

Speaking Engagement

Topics covered in this presentation will include:

  • What changed from the proposal to the final?
  • What were the surprises?
  • What are the real industry pain points from compliance and business stand point?
  • What are the required disclosures that have to be changed?
  • Display/production of all terms and conditions on a website — who is required to put that up, issuer, third-parties, or everyone?
  • Will this change the products that are being offered? From the market stand point, do products remain viable?
  • How are prepaid card accounts different and similar to DBA? Are there too many similarities?
  • What are the difference laws applied for each account?
  • What are the different applications and functionality for each?

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