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The Final CFPB Prepaid Card Rule Is Here (Expect Controversy)

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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.”

CFPB 75
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Senate Committee Probes Prepaid Account Failures

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But, said Green Dot last month when the incident occurred, in referring to fund access: “There is no impact to the ability to make purchases or get cash from ATMs.” The senators also asked if this issue had been reported to the CFPB. Green Dot went on to state: “Reloads are all posting properly.

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Sizzle/Fizzle: In Banking, Truth as Currency

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Fraud At Non-Bank ATMs : We all know that fraud of all stripes is on the rise. But at non-bank ATMs, fraud is on a stratospheric ascent. You know non-bank ATMs — the ones at the convenience store or the drug store that are sometimes a little suspicious. The future is hazy at best.