Amendments to Rules Concerning Prepaid Accounts Under the Electronic Fund Transfer Act (Regulation E) and the Truth in Lending Act (Regulation Z)

16 organizations filed 17 public comments on Amendments to Rules Concerning Prepaid Accounts Under the Electronic Fund Transfer Act (Regulation E) and the Truth in Lending Act (Regulation Z), at the Consumer Financial Protection Bureau. The comment window closed 3270d ago.

Abstract

The Bureau of Consumer Financial Protection (Bureau or CFPB) is proposing to amend Regulation E, which implements the Electronic Fund Transfer Act, and Regulation Z, which implements the Truth in Lending Act, and the official interpretations to those regulations. This proposal relates to a final rule, published in the Federal Register on November 22, 2016, as amended on April 25, 2017, regarding prepaid accounts under Regulations E and Z. This proposal requests comment on potential modifications to several aspects of that rule, including error resolution and limitations on liability for prepaid accounts where the financial institution has not 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 two issues relating to the effective date of the rule.

Commenters (16)

• American Bankers Associationtrade assoc.

  2 filings · confidence 97%
• American Payroll Associationtrade assoc.

  1 filing · confidence 85%
• Consumers Unionunverified attribution

  1 filing · confidence 70%
• Credit Union Association of the Dakotastrade assoc.

  1 filing · confidence 85%
• Credit Union National Associationtrade assoc.

  1 filing · confidence 97%
• Electronic Transactions Associationtrade assoc.

  1 filing · confidence 85%
• Ex Parte memo - American Bankers Associationtrade assoc.

  1 filing · confidence 85%
• Green Dot Corporationunverified attribution

  1 filing · confidence 70%
• Heartland Credit Union Associationtrade assoc.

  1 filing · confidence 85%
• ICUL Service Corporationunverified attribution

  1 filing · confidence 70%
• Illinois Credit Union Leaguetrade assoc.

  1 filing · confidence 85%
• International Bancshares Corporationunverified attribution

  1 filing · confidence 70%
• Marqeta Incunverified attribution

  1 filing · confidence 70%
• NetSpend Corporationunverified attribution

  1 filing · confidence 70%
• Ohio Credit Union Leaguetrade assoc.

  1 filing · confidence 97%
• The Clearing House Payments Companyunverified attribution

  1 filing · confidence 70%