Education & Events

Prepaid Cards: Your Bank’s Responsibilities Under the New Rules, Effective April 1, 2019

Date: 
Feb 13, 2019
Program Overview: 

Wednesday, February 13, 2019, 3:00 - 4:30 pm

After several postponements, the new prepaid card rules under Regulations E and Z become effective on April 1, 2019.  The prepaid-card issuer generally has the primary compliance obligation, but your institution still needs to understand the new rules if you sell prepaid cards and accounts.  New protections have been added to Regulation E, making it applicable to government benefit accounts, payroll card accounts, and other prepaid products.  Under Regulation E, prepaid cards and their mobile electronic versions will generally receive the same protection from fraud and unauthorized charges as traditional debit and ATM cards.  In addition, there are special rules regarding pre-acquisition disclosures, fee schedules, and periodic statements for prepaid cards.  This webinar will explain the new prepaid card rules and how they will affect your institution. 

Topics: 

HIGHLIGHTS

  • Which accounts and cards are covered by the new rules?
  • Pre-acquisition disclosures
  • Required changes for periodic statements
  • Changes in error resolution and liability limitations under Reg E
  • Applicability of Reg Z to hybrid prepaid credit cards

 

  • TAKE-AWAY TOOLKIT
    • CFPB’s Prepaid Rule Small Entity Compliance Guide
    • Executive Summary of the 2018 Prepaid Amendments
    • Prepaid Account Coverage Chart
    • Employee training log
    • Quiz to measure staff learning and a separate answer key
Speaker: 

ABOUT THE PRESENTER – Elizabeth Fast, JD, CPA, Spencer Fane LLP

Elizabeth Fast is a partner with Spencer Fane LLP where she specializes in the representation of financial institutions.  Elizabeth is the head of the firm’s training division.  She received her law degree from the University of Kansas and her undergraduate degree from Pittsburg State University.  In addition, she has a Master of Business Administration degree and she is a Certified Public Accountant.  Before joining Spencer Fane, she was General Counsel, Senior Vice President, and Corporate Secretary of a $9 billion bank with more than 130 branches, where she managed all legal, regulatory, and compliance functions.  She is a member of the Missouri State Banking Board by appointment of the Governor.


 

Agenda: 

WHO SHOULD ATTEND 

This informative session will benefit deposit personnel, tellers, service representatives, new accounts personnel, new product staff, account officers, managers, auditors, attorneys, and compliance staff.

 

 

 

 

 

 

 

 

 

 

Fees: 

MEMBER

Live Webinar
    $255.00 Single Location
    $150.00 Each Additional Location

Recorded Webinar & Free Digital Download
    $255.00

Premiere Package (Live & Recorded Webinar with Free Digital Download)
    $375.00

Association Contact: 

If you have any questions or need additional information, please contact Marcy Borden at 317-387-9380 or mborden@indianabankers.org

Cancellation Policy: 

Within three or more business days prior to the day of an educational program, no cancellation charge will be assessed. If your bank is unable to participate after registering, you can select to purchase the on-demand presentation.

Webinar Options: 

1.  Live Webinar
The LIVE WEBINAR option allows you to have one telephone connection for the audio portion and one Internet connection (from a single computer terminal) to view online visuals as the presentation is delivered.  You may have as many people as you like listen from your office speaker phone. Registrants receive a toll-free number & pass code that will allow entrance to the seminar. Seminar materials, including instructions, pin number, and handouts will be emailed to you prior to the broadcast.  You will need the most current version of Adobe Reader available free at www.adobe.com.

2.  Recorded Webinar & Free Digital Download
Can’t attend the live webinar?  The recorded webinar & Free Digital web link is a recording of the live event, including audio, visuals, & handouts. We even provide the presenter’s email address so you may ask follow-up questions.  Approximately one week prior to the webinar, you will receive an email with the web link.  This web link can be viewed anytime 24/7, beginning 6 business days after the webinar and will expire 6 months after the live program date.  

LIMITED AVAILABILITY:  The Recorded Webinar & Free Digital Download web link may ONLY be ordered for 6 months following the webinar.

3.  Both Live Webinar & Recorded Webinar & Free Digital Download
Includes options 1 and 2 above

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