Delay of Prepaid Accounts Rule likely
Monday, January 8, 2018 6:50 AM

The CFPB has issued a statement on its Prepaid Accounts Rule, indicating that it "expects to issue a final rule amending certain aspects of its 2016 rule governing prepaid accounts soon after the new year. As part of that process, the Bureau expects, based on its review of the comments received, to further extend the effective date of the 2016 rule to allow additional time for implementation of the final rule. The Bureau proposed making changes to the prepaid rule in June; the comment period on the proposal ended in August."