Tag Archives: Regulations

FDIC Adopts Revised Guidelines for Appeals of Material Supervisory Determinations

On January 19, 2021, the FDIC’s Board of Directors approved revised Guidelines for Appeals of Material Supervisory Determinations (the “Guidelines”), which are applicable to insured depository institutions (“IDIs”) the FDIC supervises as well as other IDIs for which the FDIC makes material supervisory determinations. The FDIC stated that the amendments are intended to: (1) improve … Continue Reading

CFPB Issues Final Prepaid Accounts Rule

On October 5, 2016, the CFPB issued its long-awaited final prepaid accounts rule. The rule applies to traditional prepaid cards, such as general-purpose reloadable cards, as well as a variety of other products, including mobile wallets, person-to-person payment products, payroll cards, student financial aid disbursement cards, tax refund cards, and certain government benefits cards, such … Continue Reading
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