Wednesday, May 23, 2012

Prepaid Cards Are A Wild West -- And Here Comes Law And Order

Wednesday, May 23, 2012
The government's top consumer sheriff wants to rein in the Wild West of prepaid cards, even as some of the biggest players in the financial industry move quickly into the new frontier.

On Wednesday, the Consumer Financial Protection Bureau is taking the first step to create consumer protections for prepaid cards and extending the same regulations that protect consumer checking accounts.
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