TRAINING AND EMPLOYMENT NOTICE No. 09-18
Regulation E Requirements for Prepaid Accounts (or Debit Cards)
To remind state workforce agencies of the revised requirements in Regulation E for government programs that issue prepaid debit cards as a mechanism for paying non-needs tested benefits and for the financial institutions that provide the prepaid debit cards; and to announce that the Bureau of Consumer Financial Protection (Bureau) has extended the deadline for implementation of these requirements.
The Bureau is responsible for all guidance related to Regulation E and its provisions. Therefore, states should forward any questions about the 2016 Prepaid Rule or its amendments to the Bureau at: https://reginquiries.consumerfinance.gov/.
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STATE WORKFORCE AGENCIES
MOLLY E. CONWAY
Acting Assistant Secretary