51 W 52nd St
New York, NY 10019
NYPAY Will Be Livestreaming This Event!
Growing at an annual rate of 16%, prepaid products are getting a lot of attention as the fastest growing segment in retail payments. For many consumers, prepaid cards—including cards onto which paychecks or government benefits can be loaded—are already invaluable, enabling the consumer to make payments in instances where checks or cash cannot be used. Increasingly, prepaid cards are viewed as a forerunner to a new generation of deposit and savings products as well as a means of providing financial services to people who don’t want—or can’t get—bank accounts.
As a result, regulators, notably the Consumer Financial Protection Bureau, have proposed regulations protecting the rights of consumers for prepaid, debt collection and payday lending. The CFPB’s intent is to protect consumers, but finding the balance between achieving that goal and facilitating—rather than squelching—financial inclusion and innovation is a difficult task. Join us on June 7th via livestream or in person to hear prepaid and regulatory experts debate the relative merits of the CFPB’s intent.
Who will benefit from this livestream or event/what will attendees learn from it?
Any bank, FinTech or provider of financial services to the underserved market will get a perspective on what’s in the pipeline for CFPB regulation that might impact consumers’ and providers’ rights and gain insight into the relationship of prepaid to Reg E, which governs deposit accounts.
Date: Tuesday, June 7, 2016
Networking and Drinks: 5:30 pm – 6:30 pm
Livestream and Panel Discussion: 6:30 pm – 8:00 pm
Networking: 8:00 pm – 8:30 pm
Where: Orrick, 51 West 52nd Street (at 6th Avenue), New York, NY 10019-6142