Save the Date – APEX: Prepaid Compliance Coming Up!

Prepaid Compliance is a combination of science and art, requiring deft flexibility to interpret (and re-interpret rules and regulations) and react to the changing landscape posed by new technologies and new regulators. At APEX: Prepaid Compliance, you'll have two days to transform the way you approach compliance.

A new, improved compliance event
APEX: Prepaid Compliance is a new event, focused on knowledge-sharing with your industry peers to build industry best practices you can apply right away:

• How have other program managers and issuers handled audits and examinations?
• How can you work effectively with new products' business teams when compliance governing emerging technologies is still unclear?
• How will issuers manage third-party relationships and ongoing evaluations? Or, how will you comply with your issuers' evolving requirements?
• Are your marketing campaigns in the UDAAP danger zone?
• How can you handle data breaches - and who should be held accountable?

Download the agenda to see how you'll answer these questions at APEX: Prepaid Compliance.

Peer-led and supported by compliance practitioners
This program was designed with input from CCOs, COOs, CROs, CMOs and Fraud Managers who have been tasked with creating robust compliance programs that can respond to the ever-changing rules and regulations. See who attends here.

Our speaker roster has the highest concentration of actual compliance practitioners of any event - critical to the building of best practices. View speaker faculty here.

 I hope you can join us in July for APEX: Prepaid Compliance.

P.S. If you register by April 11, you'll save up to $300 off the standard price! Register here.

Share this article with your social network, just click below to share now!

Share |

Prepaid Card Reforms: A Focus on UDAAP Risks

The Attorney General of Florida, Pam Bondi, recently announced settlements with five of the largest prepaid companies operating in the state. The settlements follow an investigation that the companies misled consumers on fees, as well as claims that the prepaid cards would improve their credit histories.

According to a statement from Bondi, “The reforms we are requiring will protect consumers by providing them with the information they need in order to make sound financial decisions, and they establish standard business practices among Florida’s largest prepaid debit card companies.” The settlement also includes a payment of $115,000 to the Central Florida Chapter of Junior Achievement.

While this news is not as brutal as the announcements of settlements over the summer, the legal community is bracing for more such news. With interpretation of UDAAP-related statutes often open-ended and murky, now is the time to protect your firm from risk and compliance issues coming up in 2013.

At Prepaid Expo this March, you’ll hear from Martin Bishop, Chair of Consumer Financial Services Practice and Vice Chair of Litigation Department at Foley & Lardner LLP. In this interactive UDAAP-focused session, you’ll dive into analysis of the statute, as well as tackle hypothetical situations to diagnose your readiness to handle compliance.

What do you think this settlement means for the prepaid industry as a whole? Is this a blip on the radar – or do companies need to join together as an industry to clarify these regulatory mandates?

Read the full article here.  




 ABOUT THE AUTHOR

Ryan Geswell is a New Media Analyst in the Finance Division at IIR USA with a background in Marketing and Media. He can be reached at rgeswell@iirusa.com.

Share this article with your social network, just click below to share now!

Share |