Bureau Finalizes Delay of Prepaid Rule Effective Date (4/21/17)The Consumer Financial Protection Bureau finalized a six-month extension of the effective date of its final rule on prepaid accounts. Originally scheduled to take effect on October 1, the compliance date for the rule has been extended to April 1, 2018.
Bureau to Update Ex Parte Policy on Rulemaking (4/19/17)
The Consumer Financial Protection Bureau, in a blogpost, announced that it is updating its 2011 policy governing ex parte presentations. Based on public feedback, the Bureau will update its policy to ensure that the Bureau continues to foster fairness and transparency in rulemaking proceedings. Two key updates are on state entity exemption and procedural improvements.