Ad Law Access
CFPB Issues Advance Notice of Proposed Rulemaking for Prepaid Cards
Continuing its recent activity on prepaid cards, the CFPB released an Advance Notice of Proposed Rulemaking today seeking comment, data, and information about general purpose reloadable prepaid cards (GPR cards). The…
CFPB to Hold Field Hearing on Prepaid Cards
The CFPB announced today that it will hold a "field hearing" in Durham, North Carolina on the topic of prepaid cards on Wednesday, May 23, 2012. Director Richard Cordray will present remarks and the CFPB will hear…
FTC Advisory Opinion Affirms Broad Consumer Rights Under Holder Rule
Earlier today, the Federal Trade Commission (FTC) issued an advisory opinion affirming broad consumer rights under the Holder in Due Course Rule ("Holder Rule"). The National Consumer Law Center (NCLC), joined by…
CFPB Extends Time For Comments on Overdraft Programs
The CFPB has extended the amount of time for comments on overdraft programs from the end of April to June 29, 2012. The original Notice and Request for Information, published on February 22, 2012, asked for…
CFPB Takes First Step in Arbitration Clause Study
The CFPB announced on April 24th that it is taking the first step in conducting a study into the impact of arbitration and arbitration clauses on consumers as used by consumer financial services companies. The study…