Mark Your Calendars: Important Industry Deadlines in Q1 (Jan. 5, 2015)
The payments industry has two dates quickly approaching regarding NPRMs and their respective comment periods, which already have begun.
The CFPB’s NPRM on prepaid accounts was published in the Federal Register Dec. 23, 2014. Comments must be received within 90 days, by March 23, 2015, assuming a request for an extension made by the NBPCA and ETA isn’t granted. Comments may be submitted using the Federal eRulemaking Portal; email: FederalRegisterComments@cfpb.gov and include Docket No. CFPB-2014-0031 and/or RIN 3170-AA22 in the subject line of the email; mail: Monica Jackson, Office of the Executive Secretary, Consumer Financial Protection Bureau, 1700 G Street NW, Washington, D.C. 20552; or by hand delivery/courier: Monica Jackson, Office of the Executive Secretary, Consumer Financial Protection Bureau, 1275 First Street NE, Washington, D.C. 20002.
On Dec. 30, 2014, the National Technical Information Service (NTIS) published its NPRM in the Federal Register that would create a certification program to replace the temporary certification program in place now for access to the Death Master File (DMF). The DMF is a tool used by many industries as a means to thwart fraud. The comment period on the proposed rule was extended to March 30, 2015. Comments can be submitted here.
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