Prepaid and Stored Value Cards: Navigating the CARD Act and New FinCEN Regulations

Final rules are effective Feb. 22: Are you ready?

Recording of a 90-minute premium CLE webinar with Q&A

This program is included with the Strafford CLE Pass. Click for more information.
This program is included with the Strafford All-Access Pass. Click for more information.

Conducted on Thursday, January 28, 2010

Recorded event now available

or call 1-800-926-7926
Course Materials

This CLE course will discuss the current regulatory frameworks applicable to prepaid and stored value cards and the impact of the Cuomo ruling on the state law regulation. The panel will outline best practices for issuers of these products to comply with new laws and regulations.


2009 was the beginning of a new era for prepaid and stored value cards as the federal government increased its regulatory oversight. The CARD Act and Federal regulations are effective in February 2010, and greater scrutiny by financial regulatory agencies will continue into the foreseeable future.

The CARD Act requires FinCEN to issue regulations by Feb. 22, 2010 implementing the Bank Secrecy Act with regard to stored value and prepaid cards. The Supreme Court’s Cuomo v. The Clearing House Assoc. ruling also greatly impacts state law regulation of prepaid products.

Practitioners representing issuers of prepaid and stored value products must have a thorough understanding of these sweeping changes to the prepaid card industry practices as they guide clients in the rebuilding of their existing card models.

Listen as our authoritative panel of attorneys discusses this dramatic overhaul of the prepaid card industry and best practices to comply with these changes.



  1. Overview of CARD Act provisions
    1. Covered products
    2. Prohibited practices
    3. Federal Reserve regulations
  2. Overview of FinCEN stored value card rules
  3. Impact of Consumer Financial Protection Agency Act ("CFPAA")
  4. Current status of preemption
    1. Impact of Cuomo v.The Clearing House


The panel will review these and other key questions:

  • What is the immediate impact of the CARD Act for issuers of prepaid and stored value cards?
  • What is the impact of FinCEN regulations on prepaid and stored value products?
  • How does Cuomo impact state law regulation of prepaid and stored value products?


Chris Daniel
Chris Daniel

Paul Hastings

He focuses his practice on financial institutions and other companies participating in the nation’s banking and...  |  Read More

Marilyn D. Barker
Marilyn D. Barker

Bryan Cave

She focuses her practice on counseling financial services institutions on federal and state Bank Secrecy Act regulatory...  |  Read More

Gizelle Barany
Gizelle Barany
Senior Corporate Counsel
Blackhawk Network

Her practice area includes financial services matters, with a focus on network branded prepaid products and related...  |  Read More

Access Anytime, Anywhere

Strafford will process CLE credit for one person on each recording. All formats include course handouts.

To find out which recorded format will provide the best CLE option, select your state:

CLE On-Demand Audio