Consumer Financial Protection Bureau Requests Comment on Extending Regulation E to Cover GPR Cards
By: David L. Beam, Steven M. Kaplan, Kathryn M. Baugher
Last week, the Consumer Financial Protection Bureau released an Advance Notice of Proposed Rulemaking (ANPR) on the subject of general purpose reloadable (GPR) cards. In the ANPR, the Bureau announced that it plans to issue a proposal to extend Regulation E to cover GPR cards. The ANPR poses a series of questions and gives the public an opportunity to submit comments. Comments must be received by July 23, 2012.