March 9, 2017 – Today the Consumer Financial Protection Bureau announced a proposal to delay implementation of its new rule on prepaid cards, including consideration of substantive changes to the prepaid rule.

The following statement is attributed to Brian Peters, Executive Director, Financial Innovation Now:

“FIN is encouraged that the Bureau is offering more time for implementation of the prepaid rule, in particular its willingness to consider substantive changes. FIN supports the Bureau’s mission to promote access to safe financial services, and we are hopeful the agency will work with us to empower technology to meet these goals.”

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