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PayPal Prepaid Accounts Ruling May Curtail CFPB Authority – Law360

January 2021
Region: Americas
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A DC federal court's recent invalidation of two Consumer Financial Protection Bureau rule provisions for prepaid accounts in PayPal v. CFPB marks the first time any court has invalidated a bureau rule, and could lead to a narrower interpretation of the CFPB's authority if upheld, say Keith Bradley and Corey McGehee in a January 27, 2021, article for Law360.