In December 2019, PayPal, Inc. filed suit in the US District Court for the District of Columbia challenging the CFPB’s authority to issue two provisions of the so-called prepaid rule, which governs consumer financial products...more
5/9/2022
/ Chevron Deference ,
Consumer Financial Protection Bureau (CFPB) ,
Digital Wallets ,
Disclosure Requirements ,
Dodd-Frank ,
ECOA ,
EFTA ,
Fair Credit Reporting Act (FCRA) ,
Financial Services Industry ,
Lack of Authority ,
PayPal ,
Prepaid Payment Products ,
Truth in Lending Act (TILA)
On March 21, the Board of Governors of the Federal Reserve, the Federal Deposit Insurance Corporation, the National Credit Union Administration, the Office of the Comptroller of the Currency (OCC), and the U.S. Department of...more
3/30/2016
/ Banking Sector ,
Cell Phones ,
Customer Identification Program (CIP) ,
FDIC ,
Federal Reserve ,
Internet ,
NCUA ,
New Guidance ,
OCC ,
Prepaid Payment Products ,
Third-Party Agents
Earlier this week, the Consumer Financial Protection Bureau (CFPB) announced that it is working on potential new consumer disclosure requirements for prepaid cards to standardize fee disclosures. The new disclosure...more