November 28, 2018

Free Non-CLE Webinar on 12/05: CFPB’s Prepaid Rule

Application of CFPB’s Prepaid Rule to Digital Wallets and Peer-to-Peer Payments

Join us on Wednesday, December 5, 2018 at 2:00 p.m. EST for this free, non-CLE webinar!

Presented by the Cyberspace Law Committee and the Consumer Financial Services Committee

Topic

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.

Moderator:
Prof. Sarah Jane Hughes, Indiana University Maurer School of Law, Bloomington, IN

Program Panelists:
Stephen T. Middlebrook, Womble Bond Dickinson (US) LLP, Atlanta, GA
Brian C. Tate, Executive Director, Network Branded Prepaid Card Association, Washington, DC

Registration

Registration for this event is not required.  Simply use the call-in information below to log in or dial-in 5 minutes before the meeting is set to begin.

Call-In Information

To join the online meeting (and add it to your calendar):

  1. Go to:  https://intercall.webex.com/intercall/j.php?MTID=mce94b75a89f96bb4596f25fa901182f7
  2. When requested, enter your name and email address.
  3. Click "Join".
  4. Provide your phone number when you join the meeting to receive a call back to participate in the audio portion of the webinar.

To join the audio only portion of the webinar, please use the following dial-in and conference code:

  1. Dial-in:  1 (866) 646-6488
  2. Conference Code:  756 491 0232

*Click here for global numbers.