The CFPB has amended parts of its Prepaid account rule under both Regulations E and Z. Those changes impact error resolution/liability when customer identification and verification has not been completed; the application of credit-related requirements to digital wallets that can store funds; and other more minor clarifications and corrections. In addition, the overall effective date is extended to April 1, 2019.
This document “redlines” the 2018 Amendments.
Published
2018/01/26