CFPB publishes prepaid card rule compliance guide

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As it has done for other CFPB rules, the CFPB has published a small entity compliance guide for its prepaid card rule.  The final rule is generally effective on October 1, 2017.

We have blogged about Republican efforts that are underway in Congress to use the Congressional Review Act to enact a joint resolution of disapproval to nullify the prepaid card rule.

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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