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MCUA Comments on CFPB Prepaid Cards Proposal

Mar
24
MCUA Comments on CFPB Prepaid Cards Proposal

The Missouri Credit Union Association (MCUA) filed a comment letter on March 23, 2015, with the Consumer Financial Protection Bureau (CFPB) related to its proposal on prepaid cards. MCUA filed a letter on its own urging the Bureau to limit any new regulatory requi

Posted By Sharon Bahr read more

Federal Reserve Bank Paper on Prepaid Cards and Money Laundering Risks

Feb
11
Federal Reserve Bank Paper on Prepaid Cards and Money Laundering Risks

The Federal Reserve Bank of Atlanta’s Retail Payments Risk Forum recently released a paper on general purpose reloadable (GPR) prepaid cards and money laundering risks.

Posted By Sharon Bahr read more

Pew Report on General Purpose Reloadable Prepaid Cards

Sep
10
Pew Report on General Purpose Reloadable Prepaid Cards

On Wednesday, the Pew Charitable Trusts released a report on general purpose reloadable (GPR) prepaid cards. The Pew report focused on GPR prepaid cards that can be used to make purchases, withdraw money from ATMs, and pay bills for consumers. Pew recommends that the CFPB adopt additional regulatory requirements on GPR prepaid cards.

Posted By abucaida@mcua.org read more

Upcoming CUNA Comment Letter to CFPB on Prepaid Cards

Jul
12
Upcoming CUNA Comment Letter to CFPB on Prepaid Cards

Credit Union National Association (CUNA) continues to seek input from credit unions on their regulatory comment call on the Consumer Financial Protection Bureau (CFPB’s) advance notice of proposed rulemaking (ANPR) regarding prepaid cards.  CUNA is also working with the CUNA Payments Policy and Consumer Prote

Posted By Sharon Bahr read more
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