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Summary of Findings: Design and Testing of Prepaid Card Fee Disclosures

On Nov. 13, 2014, the Consumer Financial Protection Bureau released for notice and comment a proposal to amend Regulations E and Z regarding prepaid accounts. Among other things, the proposal addressed pre-acquisition disclosure requirements for prepaid accounts. This report summarizes the findings of the Bureau’s pre-proposal consumer testing of pre-acquisition disclosure forms for prepaid accounts.

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