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Full-Text Articles in Law

Some Basic Concerns About The Cfpa Legislation And A Partial Response To Professor Bar-Gill's "The Consumer Financial Protection Agency: Sorting The Critiques", Sarah Jane Hughes Jan 2009

Some Basic Concerns About The Cfpa Legislation And A Partial Response To Professor Bar-Gill's "The Consumer Financial Protection Agency: Sorting The Critiques", Sarah Jane Hughes

Articles by Maurer Faculty

No abstract provided.


Federal Payroll, Gift, And Prepaid Card Developments: Fdic Deposit Insurance Eligibility And The Credit Card Act Of 2009, Sarah Jane Hughes Jan 2009

Federal Payroll, Gift, And Prepaid Card Developments: Fdic Deposit Insurance Eligibility And The Credit Card Act Of 2009, Sarah Jane Hughes

Articles by Maurer Faculty

Prepaid and other stored-value products have grown into major tools for making retail payments and payments of wages to employees. This article discusses two major developments in federal law that pertain to stored-value products - the November 2008 - revision of primary guidance from the Federal Deposit Insurance Corporation on the scope of eligibility of payroll cards for deposit insurance, and Congress’ May, 2009 enactment of the CARD Act, which takes effect on February 22, 2010. The CARD Act is the first effort by the federal government to regulate gift cards. It established federal standards relating to subjects on which …