Post Profile






New consumer protections aim to end prepaid-card gotchas

They include disclosure requirements about fees and limits on losses consumers can face.        
read more

share

Related Posts


Chase Becomes First Bank To Implement New, Simpler Disclosure Box For Prepaid Cards

Lifestyle / Shopping : The Consumerist

In 2012, nearly 12 million consumers loaded more than $64 million onto prepaid debit cards. With so many people turning to these cards, more companies are getting into the prepaid debit business. To assist consumers faced with a ple...

Video Shows You Don’t Need All That Fine Print In Prepaid Card Fee Disclosures

Lifestyle / Shopping : The Consumerist

Prepaid debit cards may offer a convenient alternative for unbanked consumers, but there are often unexpected costs buried in all the fine print of the cards’ disclosure documents that most people never read. It doesn’t need to be t...

How Credit Cards Have Changed

Business & Finance : Business Pundit

In mid-2009, President Obama signed a consumer protection measure known as the Credit Card Act (or Credit Card Responsibility and Disclosure Act). The Credit Card Act's main objectives include protecting consumers from unreasonable ...

This Week In Credit Card News: New Protections For Prepaid Cards, How Thieves Steal Gas

Business & Finance / Personal Finance : MoneyBuilder

New Consumer Protections for Prepaid Cards The Consumer Financial Protection Bureau is extending many of the financial protections of bank accounts to prepaid cards. New rules proposed Thursday by the federal regulator would require...

CFSI Proposes a Model Fee Disclosure Box for Prepaid Cards

Business & Finance : Payments News

The Center for Financial Services Innovation (CFSI) is proposing a standardized fee box for improving the transparency of general purpose reloadable (GPR) prepaid cards. “Consumers need to be able to easily determine the true cost o...

Comments


Copyright © 2016 Regator, LLC