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PREPAID RULE TAKES A MUCH NEEDED PAUSE

On October 3, 2016, the CFPB issued its 1,689 page Final Rule on Prepaid Accounts which was to primarily become effective on October 1, 2017.  Surprisingly, the CFPB announced in a release last week, on March 9, 2017, that it was proposing to delay the implementation date for the rule until April 1, 2018.  The CFPB is giving some love to the Deposit Compliance side of the bank much like it did with TRID on […]

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