The Consumer Financial
Protection Bureau has begun the process of issuing new rules to govern the
booming, multi-billion dollar market in certain reloadable debit cards. On May
24, 2012, the Bureau issued an Advanced Notice of Proposed Rule-making (the
"Advanced Notice") to...
by H. Scott Kelly and Michael E. Lacy
On November 13, the Consumer Financial Protection Bureau unveiled a comprehensive slate of consumer protections for prepaid debit cards that could increase the customer base for the financial product. The proposed rules (found here ) are the most comprehensive...
by Elisa J. Lintemuth
The Consumer Financial Protection Bureau has proposed new rules to amend Regulation E (Electronic Fund Transfer Act) and Regulation Z (Truth in Lending Act) to create protections for consumers using prepaid cards. These proposed rules come as more and more people are using prepaid...