Stored Value and Prepaid Card Program Policy - $275.00
The purpose of this Stored Value and Prepaid Card Program Policy is to address how a financial institution offers stored value and prepaid card products and services that comply with all related laws, rules and regulations.
Table of Contents
Purpose and Contents - Topic 1
Policy Statement - Topic 2
Definitions - Topic 3
Structure of Accountability - Topic 4
Risk Management - Topic 5
Program Overview and Pricing - Topic 6
Operational Overview Guidelines - Topic 7
Audit Policy - Topic 8
Staff Training - Topic 9
Retention of Documentation - Topic 10
Recent updates to the product:
CFPB - Rules Concerning Prepaid Accounts Under the Electronic Fund Transfer Act (Regulation E) and the Truth in Lending Act (Regulation Z)
CFPB Finalizes Effective Date Extension for Prepaid Account Rule
Prepaid Accounts Under the Electronic Funds Transfer Act (Regulation E) and Truth In Lending Act (Regulation Z)
Interagency Guidance to Issuing Banks on Applying Customer Identification Program Requirements to Holders of Prepaid Cards
This policy template (approximately 63 pages) is available to purchase from BankPolicies.com in Microsoft® Word format for $275.00.
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