With new and emerging reforms changing the face of the industry, credit, debit, and prepaid card companies are trying to stay afloat and remain in compliance. Participants in this Master Class will obtain a deeper understanding of the challenges and changes affecting the industry, and they will come away with best practices and effective solutions for the new regulatory paradigm. Topics to
be addressed include:

• How recent changes are impacting compliance initiatives
• Payments linked to general purpose reloadable prepaid cards: the effect of CFPB’s plan for coverage; filling in regulatory gaps given that the unbanked population is increasing their use of GPR cards to make mobile payments
• The Durbin Amendment and its impact on the debit and prepaid markets
  • Developing prepaid products that qualify for the exemption under Durbin
• Understanding new disclosure requirements
  • Best practices for disclosures
  • Modifying terms to ensure compliance
• Providing proper notice for opting into overdraft
• Navigating through increased transparency requirements, including additional disclosure on the Fed website
• ‘Plain English’ disclosures
• TILA/UDAP violations in the context of card issuance