U.S. court revives CFPB prepaid rule on fees, in defeat for PayPal

The CFPB created its Prepaid Rule to offer consumers legal protections on prepaid accounts similar to those on products such as checking accounts, including the ability to challenge payment errors, unauthorized transactions and fraud.

The appeals court said the CFPB's disclosure requirement was not a mandatory model clause because financial providers were free to use language "substantially similar" to what the regulator proposed. The San Jose, California-based company had said that there were "significant differences" between digital wallets and prepaid cards, including that the cards' small size arguably necessitated "formulaic" disclosures.

Peter Thiel - how do write this without mentioning the founder and billionaire PETER THIEL . So we should expect no more naming names on this kind of news concerning Corporations -RIGHT ,PUNKS ?

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