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#2160954 - 01/18/18 09:27 PM Delay of Prepaid Account Rule?
TeamComply Offline
Platinum Poster
Joined: Aug 2016
Posts: 543
The CFPB issued a statement on its Prepaid Account Rule, indicating they expect to further extend the effective date to allow additional time for implementation of the final rule. This was included in the BOL daily compliance briefing on 12/22/17. Has anything further been issued on this by the CFPB?

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#2160986 - 01/19/18 01:07 PM Re: Delay of Prepaid Account Rule? TeamComply
Adam Witmer Offline
Power Poster
Joined: Sep 2010
Posts: 2,658
I have not seen anything since the Dec 21 statement. https://www.consumerfinance.gov/about-us/newsroom/cfpb-statement-prepaid-rule/
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Adam Witmer, CRCM

All statements are my opinion, not those of my employer, and should not be taken as legal advice.
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#2161009 - 01/19/18 02:36 PM Re: Delay of Prepaid Account Rule? TeamComply
Elwood P. Dowd Offline
10K Club
Elwood P. Dowd
Joined: Aug 2001
Posts: 21,939
Next to Harvey
The denizens of Washington's bureaucracies are just now trickling back into the office from the holidays. They accomplish little or nothing between December 15 and January 15. We are probably better off for it.

If the government "shuts down" as they are talking about...
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In this world you must be oh so smart or oh so pleasant. Well, for years I was smart. I recommend pleasant.

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