A year ago, PayPal Holdings Inc. won its lawsuit challenging the Consumer Financial Protection Bureau's final rule creating comprehensive consumer protections for prepaid accounts under both Regulation E, which implements the Electronic Fund Transfer Act, and Regulation Z, which implements the Truth in Lending Act.
LINKS
Read “PayPal Appeal May Limit Scope Of CFPB's Rulemaking Power” co-authored by Noah N. Gillespie, published in Law360.