Judge Vacates Parts of CFPB’s Prepaid Accounts Rule
By EsqSocial Corporation 02/02/21
A federal judge in D.C. recently vacated the CFPB’s short-form disclosure requirement for prepaid products and the related 30-day credit linking restriction, as exceeding the CFPB’s rulemaking authority, in part because of more specific provisions in the relevant statutes that effectively limit the Bureau’s general rulemaking power....
By: Weiner Brodsky Kider PC