Subpart A Prepaid Accts – When does the 2016 Prepaid Rule, amending Regulations E and Z, become effective?

Compliance > Regulation E - EFTA
Q:  When does the 2016 Prepaid Rule, amending Regulations E and Z, become effective?
 
A:     Generally, the Prepaid Rule is effective on October 1, 2017.  The requirement to make prepaid account agreement submissions to the Bureau is effective October 1, 2018.  The Prepaid Rule contains exceptions and accommodations related to the October 1, 2017 effective date.
 
 
ADDITIONAL INFORMATION:
This information was obtained from the CFPB’s Prepaid Rule, Small Entity Compliance Guide , which may be accessed here:  http://www.consumerfinance.gov/policy-compliance/guidance/implementation-guidance/prepaid-rule/
 

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