Events Calendar

Webinar: Prepaid Cards: Your Credit Union's Responsibilities Under the New Rules, Effective April 1, 2019
Thursday, February 14, 2019, 03:00pm - 04:30pm

After several postponements, the new prepaid card rules under Regulations E and Z become effective on April 1, 2019. The prepaid-card issuer generally has the primary compliance obligation, but your institution still needs to understand the new rules if you sell prepaid cards and accounts. New protections have been added to Regulation E, making it applicable to government benefit accounts, payroll card accounts, and other prepaid products. Under Regulation E, prepaid cards and their mobile electronic versions will generally receive the same protection from fraud and unauthorized charges as traditional debit and ATM cards. In addition, there are special rules regarding pre-acquisition disclosures, fee schedules, and periodic statements for prepaid cards. This webinar will explain the new prepaid card rules and how they will affect your institution.


  • Which accounts and cards are covered by the new rules?
  • Pre-acquisition disclosures
  • Required changes for periodic statements
  • Changes in error resolution and liability limitations under Reg E
  • Applicability of Reg Z to hybrid prepaid credit cards
    • CFPB’s Prepaid Rule Small Entity Compliance Guide
    • Executive Summary of the 2018 Prepaid Amendments
    • Prepaid Account Coverage Chart
    • Employee training log
    • Quiz to measure staff learning and a separate answer key


This informative session will benefit deposit personnel, tellers, service representatives, new accounts personnel, new product staff, account officers, managers, auditors, attorneys, and compliance staff.

SPEAKER:  Elizabeth Fast, Spencer Fane LLP

Elizabeth Fast is a partner with Spencer Fane Britt & Browne LLP where she specializes in the representation of financial institutions. Elizabeth is the head of the firm’s training division. She received her law degree from the University of Kansas and her undergraduate degree from Pittsburg State University. In addition, she has a Master of Business Administration degree and she is a Certified Public Accountant. Before joining Spencer Fane, she was General Counsel, Senior Vice President, and Corporate Secretary of a $9 billion bank with more than 130 branches, where she managed all legal, regulatory, and compliance functions. She is a member of the Missouri State Banking Board by appointment of the Governor.