Prepaid Card Compliance

Be a part of the premier legal and compliance event for the prepaid card industry, for the first time on the west coast

The prepaid card industry continues to be faced with a rapidly changing legal landscape. It is experiencing unprecedented legal and regulatory challenges at the federal level:

• The CFPB has now turned its attention to prepaid cards, and the industry is bracing itself in the wake of their final rule on International Remittance Transfers as well as their advance notice of proposed rulemaking on a variety of issues, announced at the prepaid card industry’s first CFPB field hearing, held on May 23, 2012.
• The aftermath of FinCEN’s sweeping final rule on prepaid access requires careful analysis and the industry needs perpetual guidance in light of this rule as well as FinCEN’s advance notice of proposed rulemaking on customer due diligence.
• The Durbin Amendment’s treatment of prepaid cards differs significantly from industry expectations prior to the rule’s release, raising critical questions as to which prepaid products are covered and which are not; moreover, the next phase of the Amendment will go into effect April 1, 2013, and will directly effect the prepaid industry.

At the state level, the continued evolution of money transmitter statutes requires that market participants keep pace or risk noncompliance and controversial escheat laws threaten to severely impact the way prepaid cards are sold.

Add to these concerns the uncertain status of federal preemption in the wake of the CFPB, increased risks relating to fraud, including diversion of government benefits, and the continuing difficulties associated with AML compliance, and it becomes clear that it is more important than ever to ensure that you are in compliance with the myriad state and federal regulations and emerging legislation impacting the prepaid industry.

In response, American Conference Institute’s 6th National Forum on Prepaid Card Compliance will bring together an unparalleled faculty of regulatory and enforcement officials, compliance experts from industry leaders, and outside counsel specializing in prepaid card regulatory compliance who will provide you with best practices and targeted guidance in these most uncertain times for the industry.

This event has become the nation’s premier, must-attend forum focused solely on the industry’s legal, regulatory, and compliance concerns. You will not want to miss this unparalleled opportunity to find out how others are approaching the challenges facing the prepaid card industry while networking with the industry’s leaders.

PLUS, add value to your attendance by also registering for the Interactive Master Classes:

A Emerging Payment Systems: Legal, Regulatory, and Compliance Considerations for New Technologies and Evolving Products
October 12, 2012 | 1:15-3:15 p.m.

B A Focus on Payroll Card Programs: Implementing Industry Best Practices and Ensuring Regulatory Compliance
October 12, 2012 | 3:15-5:15 p.m.

Register now by calling 1-888-224-2480 or by faxing your registration form to 1-877-927-1563.You can also register online at www.AmericanConference.com/prepaidcard

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