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Stored Value and Prepaid Card Program Policy

$275.00

The purpose of this Stored Value and Prepaid Card Program Policy Template is to address how a bank, credit union, or other type of financial institution offers stored value and prepaid card products and services that comply with all related laws, rules and regulations.

Description

Stored Value and Prepaid Card Program Policy

The purpose of this Stored Value and Prepaid Card Program Policy Template is to address how a bank, credit union, or other type of 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:
02/05/18 Update
CFPB – Rules Concerning Prepaid Accounts Under the Electronic Fund Transfer Act (Regulation E) and the Truth in Lending Act (Regulation Z)
05/01/17 Update
CFPB Finalizes Effective Date Extension for Prepaid Account Rule
11/01/16 Update
Prepaid Accounts Under the Electronic Funds Transfer Act (Regulation E) and Truth In Lending Act (Regulation Z)
04/04/16 Update
Interagency Guidance to Issuing Banks on Applying Customer Identification Program Requirements to Holders of Prepaid Cards

This Stored Value and Prepaid Card Program Policy Template (approximately 63 pages) is available to purchase from BankPolicies.com in Microsoft® Word format for $275.00.

Want to ensure your purchase from BankPolicies.com remains current? Add a Product Update Protection Plan to your shopping cart to ensure that you will automatically receive an updated version every time it is revised via e-mail within one year from the last date of purchase. This timely and cost-effective solution ensures that you stay on top of federal regulatory changes and industry recommended best practices.

When updates are made you will receive detailed information regarding why the product was updated and what has changed within the product in our Product Update Notification e-mail correspondence. This enables you to make an informed decision on whether to make any changes to the policy or procedure you implemented for your financial institution from the revised template.

Our dedicated staff of career banking industry professionals are ready to keep your financial institution up to date with the latest bank policy standards and industry best practices. Purchase your bank policies from us today and rest easy knowing you have the right team helping you and your organization stay compliant. We look forward to earning your business for all of your bank policy needs.

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