December 5, 2018
2:00 p.m. Eastern
CFPB’s Prepaid Rule, which takes effect on April 1, 2019, extends the coverage of Regulation E to Prepaid Accounts. The latter term includes so called “digital wallets” and encompasses any account whose primary function is to conduct person-to-person transfers. This new rule represents a significant expansion of the scope of the regulations and places the requirements of Reg. E (including disclosures, limitations on liability and dispute resolution) on products that provide P2P transfer capabilities. This webinar will provide an overview of the Prepaid Rule and explain when and how it applies to digital wallets. We will also discuss the “primary function” test and explore when P2P payment products fall under the rule.
Prof. Sarah Jane Hughes, Indiana University Maurer School of Law, Bloomington, IN
Stephen T. Middlebrook, Womble Bond Dickinson (US) LLP, Atlanta, GA
Brian C. Tate, Executive Director, Network Branded Prepaid Card Association, Washington, DC