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Wisconsin Credit Union Foundation

Prepaid Cards: Your Credit Union's Responsibilities Under the New Rules, Effective April 1, 2019

This webinar will explain the new prepaid card rules and how they will affect your institution.

Feb 14, 2019 02:00 PM   -­­  Feb 14, 2019 03:30 PM
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Type of Event
On Demand Webinar

Who Should Attend
  • On Demand
  • Webinars
  • Member Services
  • Compliance

Register

Description

After several postponements, the new prepaid card rules under Regulations E and Z become effective on April 1, 2019. The prepaid-card issuer generally has the primary compliance obligation, but your institution still needs to understand the new rules if you sell prepaid cards and accounts. New protections have been added to Regulation E, making it applicable to government benefit accounts, payroll card accounts, and other prepaid products. Under Regulation E, prepaid cards and their mobile electronic versions will generally receive the same protection from fraud and unauthorized charges as traditional debit and ATM cards. In addition, there are special rules regarding pre-acquisition disclosures, fee schedules, and periodic statements for prepaid cards. This webinar will explain the new prepaid card rules and how they will affect your institution.

Learning Objectives

  • Which accounts and cards are covered by the new rules?
  • Pre-acquisition disclosures
  • Required changes for periodic statements
  • Changes in error resolution and liability limitations under Reg E
  • Applicability of Reg Z to hybrid prepaid credit cards

Speaker

Elizabeth Fast, JD, CPA, Spencer Fane, LLP

Investment

$259.00