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CFPB | RIN: 3170-AA22 | Publication ID: Spring 2013 |
Title: Requirements for Prepaid Cards (Regulation E) | |
Abstract: The CFPB published an Advance Notice of Proposed Rulemaking (ANPRM) seeking comment, data, and information from the public about general purpose reloadable (GPR) prepaid cards (GPR cards). GPR cards are a prepaid financial product that have been increasing in popularity and that some consumers now use in a manner similar to a debit card that is linked to a traditional checking account. Through its ANPRM, which asked ten broad questions about GPR cards, the CFPB sought to learn more about this product, including its costs, benefits, and risks to consumers. The CFPB is reviewing the comments received to determine what rule or rules may be appropriate and expects based on that analysis to issue a proposed rule to follow up on the issues raised in the ANPRM. | |
Agency: Consumer Financial Protection Bureau(CFPB) | Priority: Other Significant |
RIN Status: Previously published in the Unified Agenda | Agenda Stage of Rulemaking: Proposed Rule Stage |
Major: Undetermined | Unfunded Mandates: No |
CFR Citation: 12 CFR 1005 | |
Legal Authority: 15 USC 1693 |
Legal Deadline:
None |
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Timetable:
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Regulatory Flexibility Analysis Required: Undetermined | Government Levels Affected: None |
Federalism: No | |
Included in the Regulatory Plan: No | |
RIN Data Printed in the FR: No | |
Agency Contact: Eric Goldberg Office of Regulations Consumer Financial Protection Bureau Phone:202 435-7700 |