BankerCollege

On January 25, 2018, the BCFP issued the long anticipated final rule to create comprehensive consumer protections for prepaid accounts under Regulation E, Regulation  Z, and the official interpretations to those regulations. The final rule, which becomes effective April 1, 2019, introduces significant new disclosure requirements for prepaid accounts and creates tailored provisions governing error resolution, periodic statements and overdraft credit features.  

This payments webinar will provide a comprehensive review of the new prepaid card rules, as well as operational considerations for meeting compliance requirements

Attendees to this banking webinar will learn:

• The types of accounts covered and excluded under the final rule
• Pre-acquisition and access device disclosures
• Requirements for change-in-terms notices
• Error resolution and requirements for use of modified notices
• Specific requirements related to prepaid account agreements
• Overdraft credit requirements and restrictions
• Regulation E requirements that apply to issuers of prepaid accounts
• Practical considerations and expert guidance to help understand, implement and comply with the new rules