The Bureau periodically releases policy guidance, including compliance bulletins, joint-agency memoranda, and other notices and guidance to inform and advise regulated entities.
The CFPB is issuing this Compliance Bulletin to reiterate that section 913 of EFTA applies to government benefit accounts.
As of March 26, 2020, and until further notice, the Bureau does not intend to cite in an examination or initiate an enforcement action against any entity for failure to submit to the Bureau certain information relating to credit card and prepaid accounts.
