Treasury Renews Prepaid Account Paperwork Rules
Published Date: 2/24/2026
Notice
Summary
The Office of the Comptroller of the Currency (OCC) is renewing its paperwork for prepaid accounts under Reg E and asking for public comments by March 26, 2026. This update helps keep the rules clear and reduces unnecessary paperwork for banks and prepaid account providers. No big cost changes, but your feedback can shape how this info is collected going forward!
Analyzed Economic Effects
7 provisions identified: 5 benefits, 2 costs, 0 mixed.
OCC Sent Reg E Renewal to OMB
The OCC submitted its information-collection renewal for "Reg E--Prepaid Accounts" (OMB Control No. 1557-0346) to OMB and is asking for public comments by March 26, 2026. If you are a bank or prepaid account provider, you can submit comments by email, mail, fax, or through www.reginfo.gov before that date.
Paperwork Burden Estimate Provided
The OCC estimates this information collection will affect 998 respondents and total 5,960 hours of annual burden. Those estimates apply to businesses or other for-profit entities subject to Reg E prepaid-account information requirements.
Pre-Acquisition Disclosure Requirements
Under Reg E (12 CFR 1005.18(b)), financial institutions must make available short-form and long-form disclosures before a consumer acquires a prepaid account, in writing or electronically depending on circumstances. These disclosures must be provided pre-acquisition except where exceptions apply.
Foreign-Language Pre-Acquisition Disclosures
Section 1005.18(b)(9) requires a financial institution to provide pre-acquisition disclosures in a foreign language if certain conditions are met, so some consumers may receive disclosures in a language other than English.
Periodic Statements and Transaction Histories
Reg E allows financial institutions to provide certain disclosures as an alternative to periodic statements (12 CFR 1005.18(c)(1)), and section 1005.18(c) includes requirements for periodic statements and account transaction histories. These rules govern how consumers receive their transaction histories and statements.
Error-Resolution Disclosure Requirement
Section 1005.15(e) of Reg E requires disclosures related to error-resolution procedures for prepaid accounts, so consumers must be informed about how to dispute errors on these accounts.
Issuers Must Submit Agreements to CFPB
Section 1005.19(b) generally requires prepaid-account issuers to submit prepaid account agreements to the Consumer Financial Protection Bureau (CFPB) on a rolling basis, which creates an ongoing submission obligation for issuers.
Personalized for You
How does this regulation affect your finances?
Personalize government policy and PRIA will tell you what this federal register document means for your household, plus every other regulation we track. PRIA reads each provision against your financial profile to show you exactly what matters to your wallet.
Key Dates
Department and Agencies
Related Federal Register Documents
2026-08143, Streamlining Regulations Concerning Public Welfare Investments, Open Market Collateralized Loan Obligations, and Federal Savings Association Nondiscrimination Requirements
The Treasury’s Office of the Comptroller of the Currency wants to simplify some banking rules by removing outdated or confusing parts. This affects banks, especially federal savings associations and those dealing with certain loan investments. They’re asking for public feedback by May 27, 2026, aiming to cut red tape and make compliance easier without changing costs.
2025-21626, Regulatory Capital Rule: Modifications to the Enhanced Supplementary Leverage Ratio Standards for U.S. Global Systemically Important Bank Holding Companies and Their Subsidiary Depository Institutions; Total Loss-Absorbing Capacity and Long-Term Debt Requirements for U.S. Global Systemically Important Bank Holding Companies
Big U.S. banks that are super important to the economy are getting new rules to keep them safer and stronger. These changes tweak how much money they must keep on hand and how they handle long-term debt, helping prevent financial trouble. The new rules kick in soon and could affect how these banks manage billions in assets and debt.
2026-16532, Agency Information Collection Activities: Information Collection Renewal; Comment Request; Conversions From Mutual to Stock Form
The OCC, as part of its continuing effort to reduce paperwork and respondent burden, invites comment on a continuing information collection, as required by the Paperwork Reduction Act of 1995 (PRA). In accordance with the requirements of the PRA, the OCC may not conduct or sponsor, and the respondent is not required to respond to, an information collection unless it displays a currently valid Office of Management and Budget (OMB) control number. The OCC is soliciting comment concerning the renewal of its information collection titled, "Conversions From Mutual to Stock Form."
2026-16454, Community Reinvestment Act Regulations
The Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insurance Corporation (FDIC) are proposing to amend their Community Reinvestment Act rules by making certain substantive, technical, and process-oriented changes to refocus on the statutory objective of encouraging banks to meet the credit needs of their communities; to better ensure that community development grants reach the communities they are intended to benefit; to reduce unnecessary burden, particularly for community banks; and to provide greater clarity for how to obtain CRA consideration. The OCC and the FDIC are also proposing certain technical changes to their rules implementing the Community Reinvestment Act sunshine requirements of the Federal Deposit Insurance Act. In addition, the OCC is proposing similar technical changes to its Public Welfare Investments rule and its Rules, Policies, and Procedures for Corporate Activities.
2026-15867, OCC Rules Regarding the Availability of OCC Information
The Office of the Comptroller of the Currency (OCC) is proposing changes to its rules on information disclosure. The proposal would clarify the process for obtaining OCC approval to disclose non- public OCC information and allow for the disclosure of confidential supervisory information without OCC approval in certain circumstances, provided that applicable safeguards are observed. It also refines the OCC's process for requesting records under the Freedom of Information Act (FOIA), amends the rules to provide for expedited process of FOIA requests, and makes other structural and conforming changes.
2026-15088, Agency Information Collection Activities: Proposed Information Collection; Comment Request; Applications for Licensing or Registration To Issue Payment Stablecoins Under the GENIUS Act
The OCC, as part of its continuing effort to reduce paperwork and respondent burden, invites comment on a continuing information collection, as required by the Paperwork Reduction Act of 1995 (PRA). In accordance with the requirements of the PRA, the OCC may not conduct or sponsor, and the respondent is not required to respond to, an information collection unless it displays a currently valid Office of Management and Budget (OMB) control number. The OCC is proposing a new information collection to comply with the Guiding and Establishing National Innovation for U.S. Stablecoins Act (GENIUS Act or the Act) requirement for entities seeking to issue payment stablecoins in the United States. The OCC is seeking a new OMB control number for this information collection.
Previous / Next Documents
Previous: 2026-03684, Office of the Secretary; Notice of Meeting
The Interagency Autism Coordinating Committee is holding a free meeting on March 19, 2026, to talk about autism research and services. Anyone can join in person or online, but if you want to attend in person, you need to register ahead and bring a REAL ID. Public comments are welcome until March 5, so this is a great chance for the autism community to share their thoughts and stay in the loop.
Next: 2026-03686, Pipeline Safety: Request for Special Permit; Sable Offshore Corp. (Sable)
Sable Offshore Corp. wants a special permit to skip some pipeline safety rules, but only if it stays safe. The government is asking for public comments by March 26, 2026, before deciding. This could change how Sable operates without extra costs or delays if approved.