Disclosure Requirements, Truth in Lending Act (TILA), Regulation E

FDIC issues its 2025 Consumer Compliance Supervisory report

Orrick, Herrington & Sutcliffe LLP on 7/10/2025

On July 3, the FDIC released its 2025 edition of its Consumer Compliance Supervisory Highlights report. The report described the FDIC’s aggregated findings from approximately 800 consumer compliance examinations conducted in...more

CFPB Prepaid Accounts Rule Challenged in Lawsuit by PayPal

Goodwin on 1/3/2020

On December 11, 2019, PayPal, Inc. (PayPal) filed suit against the Consumer Financial Protection Bureau (CFPB) in the District of Columbia, challenging the CFPB’s Prepaid Accounts Under the Electronic Fund Transfer Act...more

CFPB issues annual report on TILA, EFTA, and CARD Act

Ballard Spahr LLP on 12/27/2019

The CFPB has issued its annual report on TILA, EFTA, and the CARD Act which covers activity in 2016 and 2017. The report provides brief summaries of the 2016 and 2017 enforcement actions brought by the CFPB and other federal...more

CFPB Delays Effective Date of Prepaid Accounts Rule – How Can You Prepare?

Baker Donelson on 5/29/2017

The CFPB has provided additional time to prepare for its long-anticipated prepaid accounts rule, moving the rule's effective date from October 1, 2017 to April 1, 2018. Per the CFPB, the delay will allow industry participants...more

The Prepaid Rule is Finally Here

Bradley Arant Boult Cummings LLP on 10/14/2016

Last week, the CFPB issued its long-awaited final rule amending Regulation E (Electronic Funds Transfer Act) and Regulation Z (Truth in Lending Act) to create regulations for prepaid financial products (Prepaid Rule). The...more

CFPB Issues List of Consumer Protection Concerns for New Faster Payment Systems

Morgan Lewis on 7/17/2015

The Consumer Protection Principles continue the CFPB’s expansive approach. Stating that it wants to ensure that “any new payment systems are secure, transparent, accessible, and affordable to consumers” and have “robust...more