Regulation E: The Prepaid Rule Part 2
13 min! Run Time
Employees
only
Provided
What you'll learn
Skills covered in this course
Description
Continuing from Part 1, this course focuses on the disclosure and credit-related requirements of the Prepaid Rule.
What this course covers:
- Pre-acquisition disclosures and when they are required
- Formatting and content requirements for those disclosures
- How hybrid prepaid credit cards are treated
- Where to find helpful resources on the Prepaid Rule
For institution staff implementing prepaid account disclosures and programs.
System Requirements
See System Requirements in the Coggno Knowledge Base
Author
Frequently Asked Questions
Continuing from Part 1, this course focuses on the disclosure and credit-related requirements of the Prepaid Rule, moving past coverage and error resolution into what must be disclosed to a consumer before they acquire the account.
It covers pre-acquisition disclosures and when they are required, giving staff the specific point in a prepaid account relationship where the Prepaid Rule requires these disclosures to appear before the consumer buys into the account.
This course covers formatting and content requirements for those disclosures, walking through how the Prepaid Rule specifies both the layout and the substance of what a consumer must see before acquiring the prepaid account or card.
It explains how hybrid prepaid credit cards are treated, addressing a product category that blends prepaid and credit features under the Prepaid Rule's disclosure and credit-related requirements covered in this second part of the series.
The course points to where to find helpful resources on the Prepaid Rule, built for institution staff implementing prepaid account disclosures and programs after completing the coverage rules explained earlier in Part 1 of the series.
