Finding PUA payments were qualified disaster relief payments, they satisfy the CFPB’s interpretation of Regulation E § 1005.2(b)(3)(ii)(B). The payments are excluded from the definition of “prepaid account,” and, thus, are outside of the EFTA’s definition of covered “accounts,” the federal judge concluded.

       

Cindy Speaker

CEO of Speaker Media and Marketing, is the "Secret Weapon of Personal Injury Lawyers and Trial Attorneys" throughout the United States. Specializing as a marketing consultant to lawyers, with a primary focus on content marketing, social media, online video and mobile marketing strategies.