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Tag: Federal Deposit Insurance Corporation
CFPB Proposes Prepaid Card Rules
After a great deal of speculation, on November 13 the Consumer Financial Protection Bureau (CFPB) unveiled its proposed rules to govern the fast-growing prepaid debit card market. The proposed rules, which are open for public comment for 90 days, are an acknowledgment that more and more Americans utilize the cards to do their everyday banking.… Continue reading CFPB Proposes Prepaid Card Rules
Survey: Americans Need To Get More Financially Fit
It can often seem like there are a bewildering number of things to do in order to stay financially fit. Don’t borrow too much money. Create a budget and stick to it. Save for retirement. Squirrel away money for your children’s education. Now add this to the list of to do’s required in order to… Continue reading Survey: Americans Need To Get More Financially Fit
Visa Attacks Prepaid Fee Confusion
It’s getting harder and harder for prepaid card issuers to be sneaky about their fees. Earlier this year the Pew Charitable Trusts issued a report detailing the lack of uniformity when it comes to prepaid fee disclosures and proposed a model disclosure box to make it easy for consumers to compare the fees associated with… Continue reading Visa Attacks Prepaid Fee Confusion
Which Plastic Is the Best? Debit Cards, Credit Cards or Prepaid Cards?
Long gone are the days when credit cards were the only choice for people in need of plastic. Here are some other options: Imagine walking into a restaurant and being told that a menu is not needed because there’s only one dish being served. From time to time that happens — set price, or prix… Continue reading Which Plastic Is the Best? Debit Cards, Credit Cards or Prepaid Cards?
AmEx Sees Surge In Prepaid Customers
Participants at last week’s Sanford Bernstein’s investor conference in New York City could be excused if they thought they had stumbled into a political rally. Giving the final formal presentation at the “Disruptive Trends in Financial Services” gathering, American Express Group President for Enterprise Growth, Dan Schulman, made an impassioned critique of the way the… Continue reading AmEx Sees Surge In Prepaid Customers