Establishing Flexible Strategies to Succeed Despite Regulatory Uncertainty
Of Counsel, Womble Carlyle
David L. Beam
Partner, Mayer Brown
Glen C. Fossella
Chief Operating Officer, Urban FT
SVP, Chief Policy Officer, MetaBank
With the extension of the CFPB’s Final Rule on Prepaid Cards now extended to April 1 of next year, the industry has more time to ensure they are compliant. As the CFPB continues to reassess concerns from prepaid participants, the industry faces a longer period of uncertainty. Market participants must find a way to move forward with product and strategy development while making sure that they’re able to comply with the ruling come 2018. This panel explores strategies for incorporating flexibility into your 2018 planning and what might lie ahead for the prepaid industry.