The CFPB’s final rule on prepaid accounts, which became effective on April 1, 2019, requires issuers of prepaid accounts, with certain exceptions, to submit to the CFPB all account agreements that the issuer offers, amends,...more
10/25/2019
/ Consumer Financial Products ,
Consumer Financial Protection Bureau (CFPB) ,
Credit Agreements ,
Databases ,
Disclosure Requirements ,
Final Rules ,
Financial Institutions ,
Financial Regulatory Reform ,
Financial Services Industry ,
Online Platforms ,
Prepaid Payment Products ,
Regulatory Requirements ,
Rulemaking Process ,
Websites
Last week, the CFPB released its most recent update to the Prepaid Rule Small Entity Compliance Guide. The new version includes expanded information regarding the process for complying with the Prepaid Rule’s requirement to...more