Consumer Bureau Escapes Congress Action to Remove Prepaid Rule
Written by Jubilee USA Network
Friday, 12 May 2017 04:45
By: Abby Wilhelm
The Consumer Financial Protection Bureau (CFPB) escaped a May 11th deadline for Congress to void a rule designed to give prepaid card users similar protections as debit card users. Congress could have used the Congressional Review Act or CRA to remove the "Prepaid Account Rule" as they did earlier this year to void other transparency rules. The Prepaid Account Rule will go into effect later in the year.
www.jubileeusa.org
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