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A.G. Schneiderman Calls On Congress To Preserve Protections For Consumers Who Use Prepaid Cards

A.G. Schneiderman's office press release -------- Attorney General Eric T. Schneiderman joined his fellow Attorneys General in calling on Congressional leadership to oppose three resolutions, each of which could derail a Final Rule announced by the Consumer Financial Protection Bureau (“CPFB”) that seeks to protect the millions of consumers who use prepaid cards. The rule was first considered by the CFPB in May 2012 and is scheduled to go into effect on April 1, 2018 barring the passage of S.J. Res.19, H.J Res. 62 or H.J. Res. 73. Joining Attorney General Schneiderman in support of the CFPB’s Final Rule are the Attorneys General for the District of Columbia, California, Hawaii, Illinois, Iowa, Maine, Maryland, Massachusetts, Minnesota, Mississippi, North Carolina, Oregon, Pennsylvania, Rhode Island, Vermont, Virginia and Washington State, as well as the Executive Director of the Hawaii Office of Consumer Protection. To learn more click on the picture below to read the release.

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