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CFPB RIN: 3170-AA72 Publication ID: Fall 2017 
Title: Rules Concerning Prepaid Accounts Under the Electronic Fund Transfer Act (Regulation E) and the Truth in Lending Act (Regulation Z) 

In October 2016, the Bureau issued a final rule governing Prepaid Accounts Under the Electronic Fund Transfer Act (Regulation E) and the Truth in Lending Act (Regulation Z). Through its outreach to industry and other stakeholders to understand their experiences in implementing the Prepaid Accounts Final Rule, the Bureau has identified two issues which it is revisiting in a separate notice and comment rulemaking process. Based on feedback received by the Bureau through its outreach efforts to industry regarding implementation of the 2016 rule as well as in comments received on a separate rulemaking to extend the rule’s general effective date, the Bureau proposed to amend several provisions of the Prepaid Accounts Rule. Those issues relate to error resolution and limitations on liability for prepaid accounts where the financial institution has not completed its consumer identification and verification process; application of the rule’s credit-related provisions to digital wallets that are capable of storing funds; certain other clarifications and minor adjustments; and two issues relating to the effective date of the rule.

Agency: Consumer Financial Protection Bureau(CFPB)  Priority: Substantive, Nonsignificant 
RIN Status: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Final Rule Stage 
Major: Undetermined  Unfunded Mandates: Undetermined 
EO 13771 Designation: Independent agency 
CFR Citation: 12 CFR 1005    12 CFR 1026   
Legal Authority: 15 U.S.C. 1604    15 U.S.C. 1693b   
Legal Deadline:  None
Action Date FR Cite
NPRM  06/29/2017  82 FR 29630   
NPRM Comment Period End  08/14/2017 
Final Rule  11/00/2017 
Regulatory Flexibility Analysis Required: No  Government Levels Affected: Federal, State 
Federalism: Undetermined 
Included in the Regulatory Plan: No 
RIN Data Printed in the FR: No 
Related RINs: Related to 3170-AA22, Related to 3170-AA69 
Agency Contact:
Kristine Andreassen
Office of Regulations
Consumer Financial Protection Bureau
Washington, DC 20552
Phone:202 435-7700