Post Profile

Users of popular prepaid debit cards finally get some federal consumer protections

Americans who use a fast-expanding array of prepaid cards for everyday transactions such as shopping, withdrawing money from ATMs and receiving pay or government benefits are getting new federal protections.   The rules, which will be announced Wednesday and take effect in October 2017,  will make...
read more


Related Posts

Starting July 1, 2010 Overdraft Fees Will Require Consumer Consent [Federal Reserve]

Lifestyle / Shopping : The Consumerist

The Federal Reserve has announced a new rule requiring overdraft fees on one-time debit card transactions and ATM withdrawals to be "opt-in." The new rule will take effect July 1, 2010. "The final overdraft rules represent an import...

A Google Debit Card Is Coming to the U.S.

Business & Finance : The Curious Capitalist

Google will release a prepaid debit card for use in stors and at ATM machines, the company announced Wednesday. The card will be tied to users’ Google Wallet accounts, an online payment and money transfer system. The card, which wil...

Say Goodbye To Free Checking And Hello To Fee Checking

Business & Finance : Business Insider: Clusterstock

The Consumer Financial Protection Bureau is now accepting consumers’ complaints about bank accounts, including issues related to withdrawing money, making payments and using debit and ATM cards. The CFPB’s announcement last week fol...

Are Prepaid Debit Cards the Next Big Target of the Consumer Financial Protection Bureau?

Business & Finance : Huffington Post: Business Blog

In yet another sign of the mainstreaming of prepaid debit cards (aka re-loadable cards), the Consumer Financial Protection Bureau (CFPB) recently announced that it would begin accepting complaints from Americans encountering problem...

Customers say Walmart-brand prepaid debit cards aren't working, cutting off access to funds

Business & Finance : Money & Co

For the last three days, users of Walmart-brand prepaid debit cards say they've been unable to withdraw cash from ATMs, check their account balances or make purchases, leaving them cut off from their money. Customers say the problem...


Copyright © 2016 Regator, LLC