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American Conference Institute's 4th Annual Forum on Prepaid Card Compliance

June 23-24, 2011
Washington, DC

Essential Legal and Practical Strategies for Structuring Products, Mitigating Risk, and Ensuring Compliance

The prepaid card industry is facing unprecedented legal and regulatory challenges at both the state and federal levels. In response to the CARD Act and Dodd-Frank, the Fed has issued sweeping new rules that impact gift cards and FinCEN is engaging in greater oversight of stored value cards. And the potential direct and indirect impact of the Durbin Amendment on prepaid cards cannot be overstated. Further, the CFPB as well as other emerging regulatory initiatives are likely to have major consequences for the prepaid card market. At the state level, the continued evolution of money transmitter statutes requires that market participants keep pace or risk non-compliance and new escheat laws threaten to severely impact the way prepaid cards are sold. Add to these concerns the uncertain status of federal preemption, the continuing difficulties associated with AML compliance, and the increasing challenges of fraud deterrence and it becomes clear that it is more important than ever to ensure that you are in compliance with the myriad state and federal regulations and emerging legislation impacting the prepaid industry.

An unparalleled faculty of regulatory and enforcement officials, compliance experts from industry leaders, and outside counsel specializing in prepaid card regulatory compliance who will provide you with best practices and targeted guidance for:

  • Assessing the short- and long-term impact of the Durbin Amendment on prepaid cards
  • Analyzing the industry response to the CARD Act and Dodd-Frank and implementing new initiatives to ensure compliance
  • Determining the status of federal preemption in the wake of the CARD Act
  • Evaluating and improving upon your current AML and fraud deterrence programs
  • Ensuring compliance with expiration date restrictions and disclosure requirements

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