Are you ready for the April 1, 2018, effective date? In October 2016, the CFPB issued its final rule creating new consumer protections for prepaid accounts and cards. This rule was initially scheduled to become effective on October 1, 2017, but the CFPB extended the effective date to April 1, 2018.
New comprehensive protections have been added to Regulation E, making it applicable to government benefit accounts, payroll card accounts, and other types of prepaid products. In general, prepaid cards and their mobile, electronic versions will receive the same protection from fraud and unauthorized charges under Regulation E as traditional debit and ATM cards. In addition, there are special rules regarding pre-acquisition disclosures, fee schedules, and periodic statements for prepaid cards. This webinar will explain the new changes that become effective April 1, 2018.
Attendance verification for CE credits provided upon request.
Who Should Attend?
This informative session will be useful to all deposit personnel, tellers, service representatives, new accounts personnel, new product staff, account officers, managers, auditors, and compliance staff.
If you are having issues with registering online, please contact CBAO's Education & Training Coordinator, Lianne Simeone, (614) 610-1877.