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Prepaid Rule

Resources to help industry participants understand, implement, and comply with the Prepaid Rule.

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On February 27, 2019, the Bureau issued technical specifications and published additional resources regarding the agreement submission requirements of the prepaid rule.

Rule

Browse the rule to review the prepaid-specific changes to Regulations E and Z.

Regulations and official interpretations

Browse Regulation E (12 CFR 1005) on: Interactive Bureau Regulations | eCFR

Browse Regulation Z (12 CFR 1026) on: Interactive Bureau Regulations | eCFR

The primary rule provisions specific to prepaid, and official interpretations, can be found in:

  • § 1005.2(b)(3), Definitions/ account/ prepaid account
  • § 1005.15, Electronic fund transfer of government benefits
  • § 1005.18, Requirements for financial institutions offering prepaid accounts
  • § 1005.19, Internet posting of prepaid account agreements
  • § 1026.61, Hybrid prepaid-credit cards 

Quick references

Executive summaries

Executive summary of the 2018 prepaid rule amendments

Executive summary of the 2016 prepaid rule

Coverage chart

Prepaid account coverage chart

Other references

Prepaid rule’s key changes for payroll card accounts

Prepaid rule’s key changes for government benefit accounts

Prepaid rule's effective date

Guides

Small entity compliance guide

Download the latest version , version 3.1

Guide to preparing the short form disclosure for prepaid accounts

Preparing the short form disclosure for prepaid accounts  

Supervision and examination materials

Guides to how the Bureau and prudential regulators will supervise and examine entities for compliance with Federal consumer financial law.

CFPB prepaid account examination procedures

Interagency examination procedures for EFTA

Interagency examination procedures for TILA

Forms

Model and sample pre-acquisition disclosure forms for prepaid accounts

Native design files for print and source code for web-based disclosures

Additional materials

Information regarding the agreement submission requirements of the prepaid rule. 

Submission resources