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CFPB Pushes Prepaid Card Rule Implementation Back A Year

PYMNTS

The Consumer Financial Protection Bureau (CFPB) has extended the effective date on its 2016 prepaid card rule, among other modifications announced today (Jan. Jason Oxman, CEO of the Electronic Transactions Association (ETA), said, “We applaud the leadership of the CFPB in extending the overall effective date of the prepaid rule.

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