Ad Law Access
CFPB Announces Final Enforcement Action Rules
Last week, the Consumer Financial Protection Bureau (“CFPB”) finalized three rules and issued one interim rule outlining procedures related to violations of consumer protection laws. The press release announcing the…
CFPB Releases Proposed Rule for Supervision of Non-Bank Persons Based on "Reasonable Cause"
On May 25, 2012, the CFPB released a proposed rule outlining its process for determining whether a covered person has engaged, or is engaging in, conduct that poses risks to consumers related to the offering or…
CFPB Holds Field Hearing on General Purpose Reloadable Prepaid Cards
On May 23, 2012, the Consumer Financial Protection Bureau (CFPB) officially launched its prepaid card initiative. In addition to issuing an Advance Notice of Proposed Rulemaking (ANPR), the CFPB hosted a field hearing…
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…