CFPB Comment Letter on Defining Larger Participants
The NBPCA responded to a Request for Comments from the CFPB regarding input on the development of a rule to define covered persons who will be subject to the CFPB’s supervision program as a “larger participant” of a market for consumer financial products or services.
Our comments are focused on the determination of “larger participants” with respect to network branded prepaid cards.
CFPB Comment Letter on Defining Larger Participants