A K&L Gates and Paybefore Webinar: 870 Pages in 90 Minutes: What the CFPB’s Prepaid Proposal Means for Your Business

4 December 2014
2:00 p.m. – 3:30 p.m. ET
Complimentary Webinar

The payments industry is only starting to digest the potential consequences of the CFPB’s sweeping proposed rule on prepaid accounts.

On December 4, 2014, at 2:00 p.m. ET, K&L Gates and Paybefore will present a complimentary webinar for the Paybefore community and clients and friends of K&L Gates on the proposed rules. The focus will be on the practical impact the rules will have on prepaid accounts, and what they may mean to prepaid issuers, program managers and processors. The goal will be to give listeners information and tools to evaluate how the rule will impact their business—and provide practical advice on how to address concerns about the rule with the CFPB.

Topics will include:

• How the uniform disclosure regime could affect the terms and features of prepaid accounts.
• Application of the proposed rule to different products and services, including payroll cards, digital wallets, digital currency services, student financial aid disbursement cards, tax refund cards, P2P payment platforms, and credit products.
• Impact of the new credit provisions on the availability of credit to underserved populations.

The Webinar also will discuss how the proposed rule might impact various legislative initiatives on prepaid accounts that have been proposed in Congress—and the role that members of Congress might play in shaping the rule.

The following lawyers from K&L Gates will present:

• David L. Beam, Partner, Payment Systems and Consumer Financial Services Groups
• Kathryn M. Baugher, Associate, Payment Systems and Consumer Financial Services Groups
• Steven M. Kaplan, Partner and Practice Area Leader, Financial Services
• Jeremy M. McLaughlin, Associate, Payment Systems and Consumer Financial Services Groups
• Kara M. Ward, Associate, Public Policy and Law Group

Log-in instructions will be provided to registrants the day prior to the program. You must register to receive the log-in instructions.

To RSVP, please click here.