GPR Cards for Taxpayer Distributions Letters
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Joint Trades EIP Letter To Secretary Mnuchin
File Size:	310 kb
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LKM Letter to Deputy Assistant Secretary Nunnally
File Size:	167 kb
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Letter to Treasury and the IRS on Rebate Payment Methods
File Size:	308 kb
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Lebryk - CARES Act Payments & Lessons Learned
File Size:	646 kb
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Meeks - Tipton Coronavirus Stimulus Payments Unbanked
File Size:	132 kb
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Jones Cotton to Sec Mnuchin: Stimulus Checks on Debit Cards Signed
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IPA Letter to Sec. Mnuchin on Future Stimulus Payments
File Size:	50 kb
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IPA-ATPC Letter to IRS & Treasury on Future Stimulus Payments
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Dec. 21, 2020 Stimulus Bill
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CFPB Actions

In response to COVID-19 the CFPB has taken some steps to try to reduce the compliance burden on prepaid issuers. Accordingly, the CFPB has taken the following measures at the request of the IPA:

• Disclosures: The CFPB will not take any enforcement action for  failure to update fees and related information regarding disclosures (see Submission of prepaid account agreements and related information required by Regulation E, 12 CFR 1005.19(b).

 

• Government Benefits: “if certain conditions are met, certain pandemic-relief (COVID-19) payments are not “government benefits” for purposes of Regulation E and thus these payments are not subject to the compulsory use prohibition in EFTA and Regulation E.” (See CFPB Interpretive Rule: Treatment of Pandemic Relief Payments Under Regulation E and Application of the Compulsory Use Prohibition)