By: Carly Souther
FREE iDownload: Prepaid Account Coverage Chart
Last October, the Consumer Financial Protection Bureau (Bureau) issued a final rule for prepaid financial products. Adopting a Q&A format, this post will help you gain a better understanding of the scope and purpose of the Prepaid Rule. You'll learn the types of accounts that are defined as prepaid accounts under Regulation E (as well as the types of accounts that are not subject to Reg E).
To ensure your Institution is in compliance with the Rule by the effective date, register for our upcoming webinar, "Prepaid Cards: What the NEW Rules Mean for You!"