Kimberly Monty Holzel, Attorney, Goodwin Procter LLP to Speak at TKG's CFPB's Final Prepaid Card Rule: Maximizing Opportunities and Minimizing Risks

Top Quote This event is scheduled for Wednesday, May 17, 2017 @ 12:00 PM to 2:00 PM (ET). End Quote
  • Jersey City, NJ (1888PressRelease) April 21, 2017 - The Knowledge Group/The Knowledge Congress Live Webcast Series, the leading producer of regulatory focused webcasts, has announced today that Kim Holzel, Attorney, Goodwin Procter LLP will speak at the Knowledge Group's webcast entitled: CFPB's Final Prepaid Card Rule: Maximizing Opportunities and Minimizing Risks LIVE Webcast.

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    About Kimberly Monty Holzel
    Kimberly Monty Holzel is an associate in Goodwin's Financial Industry, Consumer Financial Services and FinTech practices. She advises banks, non-depository financial institutions, and FinTech clients on consumer financial laws and compliance and transactional matters.

    Prior to joining the firm, Ms. Holzel worked for the U.S. Consumer Financial Protection Bureau and was an Associate at Schulte Roth & Zabel LLP, where she regularly advised money transmitters and licensed lenders on consumer financial law and regulatory compliance in licensing and transactional matters. During Ms. Holzel's four years at the CFPB, she headed examination teams at large financial institutions, among other responsibilities. The CFPB teams she led examined for compliance with, among other things, mortgage originations and servicing, fair lending laws, and consumer loan and consumer banking matters.

    About Goodwin Procter LLP
    Goodwin is a leading Am Law 50 and Global 50 law firm, with offices across the United States and in Europe and Asia. Excelling at complex transactional work and high-stakes litigation, the firm combines in-depth legal knowledge with practical business experience to help clients maximize opportunities and manage risk. With more than 1,000 lawyers, Goodwin offers innovative counsel and delivers results through a client-centric and collaborative approach. The firm focuses on matters involving financial institutions, intellectual property, private equity, real estate capital markets, securities litigation/white collar defense, and technology/life sciences.

    Event Synopsis:
    On October 5, 2016, the Consumer Financial Protection Bureau (CFPB) released the final rule regulating prepaid card accounts. The new rule will extend the protection of Regulation E, which implements the Electronic Fund Transfer Act, to prepaid cards and similar products. It will also expand the scope of Regulation Z, which implements the Truth in Lending Act, to cover overdraft credit features on prepaid accounts. Most provisions of the final rule will take effect on October 1, 2017, though the requirement to submit prepaid account agreements to the CFPB will take effect in October 2018.

    The Knowledge Group has assembled a panel of key thought leaders to discuss the CFPB's final prepaid card rule and its practical implications to prepaid card retailers and issuers. They will also offer best practices to ensure compliance with the final rule.

    In this LIVE Webcast, the speakers will discuss:
    Scope of the CFPB's Final Prepaid Card Rule
    Definition of "Prepaid Account"
    Disclosure Requirements
    Submission and Posting of Prepaid Account Agreements
    Requirements for Prepaid Accounts with Overdraft and Credit Features
    Prohibition on Compulsory Use
    Dispute Resolution and Consumer Liability
    Practical Implications
    Best Compliance Practices

    About The Knowledge Group/The Knowledge Congress Live Webcast Series
    The Knowledge Group was established with the mission to produce unbiased, objective, and educational live webinars that examine industry trends and regulatory changes from a variety of different perspectives. The goal is to deliver a unique multilevel analysis of an important issue affecting business in a highly focused format. To contact or register for an event, please visit:

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