prepaid accounts rule


Consumers Union Calls for More Prepaid Regs; NAFCU Wants Them Rescinded

Plagued by delays, threatened by Congressional repeal and finally opened to further comment and changes, the CFPB’s final rule on prepaid accounts now has consumer groups calling for the bureau to “strengthen” consumer protections while a credit union trade group wants the rule rescinded.

CFPB Seeks Comment on Proposed Changes to Prepaid Rule

The CFPB has issued a request for comment on proposed changes to its final rule on prepaid accounts that would adjust requirements for resolving errors on unregistered accounts and provide greater flexibility for credit cards linked to digital wallets.