Ad Law Access
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…
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…
FTC, CFPB, and DOJ File Brief Supporting Fair Credit Reporting Act
Today the Federal Trade Commission ("FTC"), Consumer Financial Protection Bureau ("CFPB"), and Department of Justice ("DOJ") filed a brief supporting the constitutionality of the Fair Credit Reporting Act ("FCRA").…