The Final CFPB Prepaid Card Rule Is Here (Expect Controversy)
PYMNTS
OCTOBER 5, 2016
as one of their primary tools of financial management — since prepaid cards can be used in ways essentially analogous to debit cards for payments, funds storage, cash-outs at ATMs or receipt of salary. And it backs up those protections with important new disclosures to let consumers know before they owe.”
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