Update: Prepaid Accounts Rule Delayed

The CFPB has amended parts of its Prepaid account rule under both Regulations E and Z.  Those changes impact error resolution/liability when Diane11customer identification and verification has not been completed; the application of credit-related requirements to digital wallets that can store funds; and other more minor clarifications and corrections.  In addition, the overall effective date is extended to April 1, 2019.

 

This document “redlines” the 2018 Amendments.

 

Published
2018/01/26

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