WASHINGTON – The Consumer Financial Protection Bureau has made a guide to preparing the short form disclosure for prepaid accounts available on its Web site.
This disclosure guide is based on Regulation E’s Model Form A-10(c) and provides basic “how to” instructions to help financial institutions prepare short form disclosures for prepaid accounts other than government benefit accounts or payroll card accounts.
Always consult the Prepaid Rule to comply with the requirements for preparing the short form disclosure; this guide is not a substitute for reviewing the rule.
Check out the new guide to preparing the short form disclosure for prepaid accounts.
in Compliance & Regulatory News