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CFPB RIN: 3170-AA72 Publication ID: Spring 2018 
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). 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 in June 2017 to amend several provisions of the Prepaid Accounts Rule. The Bureau finalized amendments to the Prepaid Accounts Rule in February 2018, which addressed error resolution and limitations on liability for prepaid accounts where the financial institution has not successfully 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 an extension of the rule’s overall effective date to April 1, 2019.

Agency: Consumer Financial Protection Bureau(CFPB)  Priority: Substantive, Nonsignificant 
RIN Status: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Completed Actions 
Major: No  Unfunded Mandates: No 
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  02/13/2018  83 FR 6364   
Regulatory Flexibility Analysis Required: No  Government Levels Affected: Federal, State 
Federalism: No 
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