On January 31, 2017, the CFPB provided summary and highlights information regarding the implementation of the Prepaid Rule, which creates tailored provisions for prepaid accounts governing disclosures, limited liability and error resolutions, and periodic statements. The CFPB concurrently issued a compliance guide on remittance transfers.
The CFPB compliance guide on the Prepaid Rule is available at: http://www.consumerfinance.gov/policycompliance/guidance/implementation-guidance/prepaid-rule/ ; the CFPB compliance guide on remittance transfers is available at: https://s3.amazonaws.com/files.consumerfinance.gov/f/documents/201701_cfpb_Intl_Money_Transfer_Small_Entity_Compliance_Guide.pdf?_sm_au_=iVVW3Mrrp3rDQ2QP .
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