On this episode we talk with Mercator Advisory Group’s Director of Prepaid Advisory Service, Sue Brown about the Consumer Financial Protection Bureau (CFPB) final regulations on prepaid debit. During our conversation we cover the following topics:
What is the definition of prepaid debit?What is excluded from the prepaid debit definition?What has changed as it relates to Error Resolution and Limited Liability for prepaid debitNew changes as it relates to disclosuresWhat was decided on the controversial credit provisions for prepaid debitCan you speak about the changes in the submission of Prepaid Agreements to the BureauIf you are interested in the report mentioned in this episode you can learn more here
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