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03.22.17

Pay Gov – March 2017, Vol. 11, Issue V

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Will the CFPB’s Proposed Six-Month Effective Date Extension Be Enough?

The CFPB has proposed changing the effective date of the prepaid accounts rule to April 1, 2018. The delay would provide industry participants more time to comply with certain provisions and for the CFPB to assess whether changes to the rule are needed.

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