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A custodial bank settled CFPB charges for (i) applying for lines of credit and opening deposit accounts on behalf of customers without their consent, (ii) obtaining consumer reports with personal information without justification, and (iii) pressuring employees into selling products to customers to meet predetermined sales goals.

The Consumer Financial Protection Bureau finalized an amended version of its rule on prepaid card accounts. The effective date of the rule was delayed by one year to April 1, 2019.