United States Government Publishing Office publisher pbl distributor dst United States National Archives and Records Administration Office of the Federal Register author aut Government Organization text government publication eng FR Regulatory Information 2016_register executive 2018-02-14 article Part II Rules and Regulations D09002ee1c7f32bda D09002ee1c7f32cd1 United States Bureau of Consumer Financial Protection originator org United States Government Agency or Subagency The Bureau of Consumer Financial Protection (Bureau or CFPB) is issuing this final rule to create comprehensive consumer protections for prepaid accounts under Regulation E, which implements the Electronic Fund Transfer Act; Regulation Z, which implements the Truth in Lending Act; and the official interpretations to those regulations. The final rule modifies general Regulation E requirements to create tailored provisions governing disclosures, limited liability and error resolution, and periodic statements, and adds new requirements regarding the posting of account agreements. Additionally, the final rule regulates overdraft credit features that may be offered in conjunction with prepaid accounts. Subject to certain exceptions, such credit features will be covered under Regulation Z where the credit feature is offered by the prepaid account issuer, its affiliate, or its business partner and credit can be accessed in the course of a transaction conducted with a prepaid card. 81 FR 83934 https://www.govinfo.gov/app/details/FR-2016-11-22/2016-24503 2016-24503 fr22no16-23 RIN 3170-AA22 4810-AM-P Docket No. CFPB-2014-0031 https://www.govinfo.gov/app/details/FR-2016-11-22/2016-24503 https://www.govinfo.gov/content/pkg/FR-2016-11-22/html/2016-24503.htm https://www.govinfo.gov/content/pkg/FR-2016-11-22/pdf/2016-24503.pdf Automated Teller Machines Banks Banking Consumer Protection Credit Unions Electronic Fund Transfers National Banks Remittances Reporting and Recordkeeping Requirements Savings Associations Advertising Appraisal Appraiser Credit Mortgages Savings Associations Truth in Lending 454 p. 83934 84387 81 FR 83934 Title 12 Part 1005 12 CFR Part 1005 Title 12 Part 1026 12 CFR Part 1026 RIN 3170-AA22 Prepaid Accounts Under the Electronic Fund Transfer Act (Regulation E) and the Truth In Lending Act (Regulation Z); Federal Register Vol. 81, Issue RULE 2016-24503 II BUREAU OF CONSUMER FINANCIAL PROTECTION 2017-10-01 Docket No. CFPB-2014-0031 4810-AM-P 2016-24503 Final rule; official interpretations.

The Bureau of Consumer Financial Protection (Bureau or CFPB) is issuing this final rule to create comprehensive consumer protections for prepaid accounts under Regulation E, which implements the Electronic Fund Transfer Act; Regulation Z, which implements the Truth in Lending Act; and the official interpretations to those regulations. The final rule modifies general Regulation E requirements to create tailored provisions governing disclosures, limited liability and error resolution, and periodic statements, and adds new requirements regarding the posting of account agreements. Additionally, the final rule regulates overdraft credit features that may be offered in conjunction with prepaid accounts. Subject to certain exceptions, such credit features will be covered under Regulation Z where the credit feature is offered by the prepaid account issuer, its affiliate, or its business partner and credit can be accessed in the course of a transaction conducted with a prepaid card.

This rule is effective on October 1, 2017, except for the addition of Sec. 1005.19(b), which is delayed until October 1, 2018. Jane Raso, Yaritza Velez, and Shiri Wolf, Counsels; Kristine M. Andreassen, Krista Ayoub, and Marta I. Tanenhaus, Senior Counsels, Office of Regulations, at (202) 435-7700. 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Records Administration 2016-11-22 continuing daily deposited born digital 774 p. Table of Contents: AE 2.7: GS 4.107: AE 2.106: KF70.A2 https://www.govinfo.gov/app/details/FR-2016-11-22 P0b002ee19868022e 0097-6326 0042-1219 0364-1406 769-004-00000-9 000582072 f:fr22no16 https://www.govinfo.gov/app/details/FR-2016-11-22 https://www.govinfo.gov/content/pkg/FR-2016-11-22/pdf/FR-2016-11-22.pdf https://www.govinfo.gov/content/pkg/FR-2016-11-22/xml/FR-2016-11-22.xml fdlp 83623 84387 DGPO 2018-02-14 2024-06-01 FR-2016-11-22 machine generated eng FR FR-2016-11-22 81 225