The Consumer Financial Protection Bureau has proposed a sweeping new rule that would expand consumer protections in the fast-growing market for traditional plastic prepaid cards, including general purpose reloadable cards (GPR cards), and electronic prepaid accounts that can store funds.

Please click here to read the full text/footnotes of this article

Originally published on Law360.com

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.