Comments on NCUA proposals, prepaid amendments due in August
Comments on a number of NCUA proposals, from the appeals process to the agency’s annual regulatory review, are due in the month of August. In addition, comments on the Consumer Financial Protection Bureau’s (CFPB) amendments to its prepaid accounts rule are due this month.
The CFPB’s proposal requests comments on potential modifications to the rule, including error resolution and limitations on liability for prepaid accounts where the financial institution has not completed its consumer identification and verification process, among other clarifications and changes.
Comments on this proposal are due Aug. 14.
Other comment deadlines this month include:
Aug. 7: NCUA proposed rule on the appeals process, involving procedures that govern appeals to the board that would apply to agency regulations that currently have their own embedded appeals provisions;
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