April 24, 2017Blog Posts

Overnight Regulation: Feds delay prepaid card rule by 6 months

The Hill:

The Consumer Financial Protection Bureau (CFPB) is postponing new rules for prepaid cards, the latest delay for the controversial Obama-era regulations. The prepaid rules will be delayed by six months to give industry more time to comply with the changes, according to Tuesday’s edition of the Federal Register. They are now slated to go into effect on April 1, 2018.

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