Three Implications Card Issuers Must Consider Ahead of of CFPB Prepaid Changes

The Consumer Financial Protection Bureau (CFPB) four-year deliberation about prepaid came to a screeching halt on October 5, when they finally asserted new prepaid regulations. Not only did the CFPB deliver a wealth of regulatory changes to prepaid industry players, it also cracked down by making the new rules take effect on Oct. 1, 2017, less than 260 days away.

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