The prepaid card industry continues to be faced with a rapidly moving legal landscape. It is experiencing unprecedented legal and regulatory challenges including:
- CFPB’s final prepaid card rule and arbitration rule
- State regulatory and enforcement efforts
- Developments in student loan cards
- Payroll cards: States are coming out with more aggressive criteria for wages being deposited to a prepaid card
- New Bank Secrecy Act/Anti-Money Laundering nuances
- FinCEN due diligence rule
The confluence of prepaid cards and cryptocurrency such as Bitcoin: the two are becoming increasingly intermingled so regulatory issues are a concern
American Conference Institute’s 16th National Forum on Prepaid Card Compliance will bring together a faculty of regulatory and enforcement officials, compliance professionals from industry leaders, and outside counsel specializing in prepaid card regulatory compliance who will provide you with best practices and targeted guidance in these most uncertain times for the industry.
Imitation programs may lump Prepaid Cards in with Mobile Payments/Payment Systems/Privacy. But only the ACI event focuses solely on the Prepaid Card industry’s legal, regulatory, and compliance concerns. Time and time again, our delegates tell us that the ACI conferences are the BEST way to find out how others are approaching the challenges facing the prepaid card industry while networking with the industry’s leaders.
Washington DC Partner, David Beam will address the Impact of the Rule’s Reach Beyond What’s Traditionally Been Thought of as Prepaid Accounts and an Examination of the Implications for Those Currently Offering and for Those Thinking about Offering Credit.