According to the CFPB's latest rulemaking agenda, the agency is pushing back to "this summer" release of the final rule on prepaid accounts. The release had previously been expected this May or June, after it was pushed back from a March expected release.
The Bureau issues the proposed role in November 2014. Generally, it proposed to subject prepaid products to the Electronic Fund Transfer Act and Regulation E and to amend Regulation Z to regulate prepaid accounts with overdraft or credit features.
Originally published on May 20, 2016
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