The Consumer Financial Protection Bureau's decision to postpone issuing its proposed rules for GPR prepaid cards until May 2014 could signal that the agency’s initial timeline was too aggressive, according to Stefanie H. Jackman, a litigation associate at Ballard Spahr and a member of the firm’s Consumer Financial Services Group.

"But, it also could mean that the CFPB wants to take more time with the issues or comments that have been submitted before making any decisions," Ms. Jackman said.

"In the mortgage rulemaking process this year, the CFPB took more time to consider comments from the industry regarding potential impacts, and I think that ultimately benefited the industry," she said. "Based on that prior experience, the delay signals interest by the CFPB with regard to some of the industry’s concerns."

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