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This repository contains the native design files and source code for the model and sample disclosure forms the Consumer Financial Protection Bureau (CFPB) designed for its final rule regarding Prepaid Accounts under the Electronic Fund Transfer Act (Regulation E) and the Truth In Lending Act (Regulation Z).

About the prepaid rule

On October 5, 2016, the CFPB finalized strong, federal consumer protections for prepaid account users. The new rule requires financial institutions to limit consumers’ losses when funds are stolen or cards are lost, to investigate and resolve errors, and give consumers free and easy access to account information.

The Bureau’s new rule also includes new “Know Before You Owe” prepaid disclosures which provide consumers with standard, easy-to-understand, upfront information about prepaid accounts. Consumers cannot always tell what fees apply to prepaid accounts before purchasing or signing up for them because the disclosures may be inside the packaging or hard to find online. This can make it difficult to comparison shop and make well-informed decisions. The new rule sets an industry-wide standard on fee disclosures for prepaid accounts. This follows the tradition of the Bureau’s “Know Before You Owe” disclosure forms for mortgages and student financial aid awards. These disclosures simplify, organize, and present information in a way the consumer can easily understand and act upon. Under the new rule, prepaid consumers will have access to:

  • Standard, easy-to-understand, upfront information: The CFPB rule requires two forms, one short and one long, with easy-to-understand disclosures. The short form concisely and clearly highlights key prepaid account information, including the fees the CFPB believes are most important to consumers shopping for a prepaid account. These include a periodic fee, per purchase fee, ATM withdrawal and balance inquiry fees, cash reload fee, customer service fees, and inactivity fee. The short form also must disclose certain information about additional types of fees that the consumer may be charged. Consumers will also get or be able to access the comprehensive long form disclosure containing a complete list of fees and certain other key information before acquiring the account.
  • Publicly available card agreements: To facilitate comparison shopping, the rule requires prepaid account issuers to post on their websites the prepaid account agreements they offer to the general public. Additionally, with a few exceptions, issuers must submit all agreements to the CFPB, which intends to post them on a public, Bureau-maintained website at a future date. Also, issuers must make any agreement not required to be posted on their website available to applicable consumers.

Read more about the rule in our press release and at consumerfinance.gov.

Source files

For the convenience of the prepaid industry and to help reduce development costs, the Bureau is also providing native design files for print and source code for web-based disclosures for all of the model and sample forms included in the final rule.

Native print design files (in EPS and PDF formats) can be found in the folder structure above, within the print folder.

Form Description
Model form A-10(a) Model Form for Short Form Disclosures for Government Benefit Accounts
(§1005.15(c) and §1005.18(b)(2), (3), (6), and (7))
Model form A-10(b) Model Form for Short Form Disclosures for Payroll Card Accounts
(§1005.18(b)(2), (3), (6), and (7))
Model form A-10(c) Model Form for Short Form Disclosures for Prepaid Accounts, Example 1
(§1005.18(b)(2), (3), (6), and (7))
Model form A-10(d) Model Form for Short Form Disclosures for Prepaid Accounts, Example 2
(§1005.18(b)(2), (3), (6), and (7))
Model form A-10(e) Model Form for Short Form Disclosures for Prepaid Accounts with Multiple Service Plans
(§1005.18(b)(2), (3), (6), and (7))
Sample form A-10(f) Sample Form for Long Form Disclosures for Prepaid Accounts
(§1005.18(b)(4), (6), and (7))

View the collected examples in a single PDF

Likewise, you can use the sample code to create the web versions of your disclosures:

Form Description
Model form A-10(a)
Code | Preview
Model Form for Short Form Disclosures for Government Benefit Accounts
(§1005.15(c) and §1005.18(b)(2), (3), (6), and (7))
Model form A-10(b)
Code | Preview
Model Form for Short Form Disclosures for Payroll Card Accounts
(§1005.18(b)(2), (3), (6), and (7))
Model form A-10(c)
Code | Preview
Model Form for Short Form Disclosures for Prepaid Accounts, Example 1
(§1005.18(b)(2), (3), (6), and (7))
Model form A-10(d)
Code | Preview
Model Form for Short Form Disclosures for Prepaid Accounts, Example 2
(§1005.18(b)(2), (3), (6), and (7))
Model form A-10(e)
Code | Preview
Model Form for Short Form Disclosures for Prepaid Accounts with Multiple Service Plans
(§1005.18(b)(2), (3), (6), and (7))
Sample form A-10(f)
Code | Preview
Sample Form for Long Form Disclosures for Prepaid Accounts
(§1005.18(b)(4), (6), and (7))

Each disclosure’s HTML file links to the CSS found in web/static/css/style.css.

Contributing

We welcome your contributions! In particular, please let us know if any of the code or design templates we’ve provided aren’t working for you in any way. The best way to do this is to file an issue in this repository’s issue tracker.

If you’ve identified a bug in the code and are interested in fixing it yourself, pull requests are welcome!

For more details on how to contribute, please see our CONTRIBUTING file.

N.B.: Due to the nature of what this repository provides, we are unlikely to accept suggestions or pull requests that significantly alter the format or content of what is provided.

Open source licensing info

  1. TERMS
  2. LICENSE
  3. CFPB Source Code Policy

Disclaimer

The native design files and source code for the model and sample forms are provided for the convenience of the prepaid industry and to help reduce development costs. They are not substitutes for otherwise following the requirements of the rule, and financial institutions must make sure that all disclosures, regardless of whether they use these design files and source code or not, comply with the specific requirements of the Prepaid Rule, available at https://www.consumerfinance.gov/policy-compliance/rulemaking/final-rules/prepaid-accounts-under-electronic-fund-transfer-act-regulation-e-and-truth-lending-act-regulation-z/.

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Native design files and source code for the model and sample disclosure forms in the CFPB's final rule on prepaid accounts.

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