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Proposed prepaid rule changes get mixed reaction
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Consumer Protection, Legislation
Friday, August 18, 2017
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The Consumer Financial Protection Bureau’s proposal to revise error resolution requirements and limited liability provisions of its final rule on prepaid products has garnered mixed feedback from financial trade organizations.
Some provisions garnered industry support, but concerns about the rule’s compliance deadline linger.
Read on to learn more details from comment letters submitted by the American Bankers Association and the Credit Union National Association.
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