The big selling point for arbitration has been that reducing legal costs by blocking customer lawsuits would result in lower prices for consumers. But that hasn’t been the case.
The CFPB has an unlikely supporter of its proposal for tighter prepaid card regulations — Green Dot, the issuer of one of the most recognized prepaid cards in the country.
CFPB warns schools about a lack of transparency in their agreements with banks to market products to students.
The CFPB wants to hear consumers’ complaints about prepaid cards and other nonbank products
Visa says it will begin putting a seal on prepaid cards to designate them as offering consumer protections.
Study: Here’s why Americans believe prepaid cards are great for personal finances.
Prepaid card issuers are feeling new pressure to offer clear fee descriptions.
Payroll cards make it easier for businesses to pay employees who can’t or won’t use direct deposit.
These products are not covered by laws requiring disclosure of fees and terms.
MasterCard Worldwide has announced a new promotion to encourage consumers to use its prepaid spending cards. Like debit cards or gift cards, prepaid cards can be used instead of cash to shop at bricks-and-mortar stores or make purchases or pay bills online. The promotion offers two free movie tickets to anyone who gets and loads