Special Edition: To the Point!

The Consumer Financial Protection Bureau has issued its 800+ page proposed rule (with commentary) on prepaid cards. The Proposed Rule is intended to address a number of public policy concerns identified by the CFPB regarding prepaid card program terms and the usage of prepaid cards by consumers as a substitute for traditional checking accounts. The Proposed Rule amends both Regulation E and Regulation Z and establishes new substantive limits on products and new disclosure requirements, and extends consumer protections including error resolution requirements and limits on liability for unauthorized transfers to certain card programs.

We have always been focused on finance.

  • 1913
    TS Chapman partners with Henry Cutler to form Chapman and Cutler
  • 1st
    Chapman's first client in 1913 is still a client of the firm today
  • 22
    Diverse financial practices serving regional, national, and global clients
  • 6
    Offices across the country and in key US financial centers

We use cookies to deliver our online services. Details of the cookies we use and instructions on how to disable them are set out in our Privacy Policy. By using this website you agree to our use of cookies.