With the publication of the CFPB’s proposed prepaid card rule in today’s Federal Register, the clock is now running on filing comments. Comments must be filed on or before March 23, 2015. The CFPB had issued the proposal on November 13. As published in the Federal Register, the proposal is reduced from its original length of 870 pages to a “mere” 234 pages.
For a summary of the proposal, see our legal alert.