PayPal Prepaid Accounts Ruling May Curtail CFPB Authority

By Keith Bradley and Corey McGehee (January 27, 2021, 6:25 PM EST) -- Just before New Year's Eve, the U.S. District Court for the District of Columbia invalidated two provisions in the Consumer Financial Protection Bureau's rules for prepaid accounts. So far as we know, this case marks the first time any court has invalidated a bureau rule, in the 10 years since the bureau's founding. It is notable on that account alone....

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