Reg. E Payroll Card Disclosures

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Tagged: Payroll Cards Reg. E

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November 30, 2020 at 9:46 am EST #32976

mlcanady
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Do Reg. E disclosure requirements for prepaid accounts/payroll cards apply to non-residents?
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November 30, 2020 at 10:18 am EST #32977

rcooper
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Regulation E, 12 CFR 1005.2(e), defines consumer as “a natural person” and does exclude non-residents; therefore, Reg E would apply.
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