CFPB Finalizes Delay of Prepaid Rule Effective Date
The Consumer Financial Protection Bureau today finalized a six-month extension of the effective date of its final rule on covered prepaid accounts.
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ABA to CFPB: Objective Definition of ‘Prepaid Account’ Is Necessary
Noting that numerous compliance challenges remain, ABA today welcomed the Consumer Financial Protection Bureau’s proposal to delay the implementation of its final rule on prepaid products for six months.
CFPB Delays Prepaid Rule Effective Date
The Consumer Financial Protection Bureau yesterday proposed extending the effective date of its final rule on covered prepaid accounts.
CFPB Issues Compliance Guide on Prepaid Rule
The Consumer Financial Protection Bureau today issued a small entity compliance guide for its final rule on prepaid accounts.
CFPB Finalizes New Rules, Disclosures on Prepaid Products
The Consumer Financial Protection Bureau today issued final rules on prepaid financial products, including prepaid cards and digital wallets that store and transfer funds.
CFPB, AmEx Study Finds Savings Incentives Effective
Providing small financial incentives to save can lead to lasting savings habits, according to a study of American Express prepaid card users released today by the Consumer Financial Protection Bureau.
Payroll Services Pay Off for Local Governments
Payroll cards help local entities like county governments, school districts and city offices more efficiently manage payroll.
FinCEN Issues Prepaid Card FAQs
The Financial Crimes Enforcement Network today issued guidance on highlighting the regulatory expectations for nonbank sellers of prepaid cards.
Regulators Issue Guidance on CIP for Prepaid Cards
The federal financial regulators, along with the Financial Crimes Enforcement Network, today issued guidance to depository institutions on how to apply customer identification programs to the prepaid cards they issue.