CFPB to Delay Prepaid Rule Effective Date

The CFPB is expecting to issue a final rule amending its prepaid rule “soon after the new year,” the bureau announced last week. The final rule is expected to also extend the current April 1, 2018, effective date. ABA in August had expressed general support for the Bureau's proposed amendments but also urged an extended compliance date to allow banks more time for implementation. For more information, contact ABA's Nessa Feddis

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