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Breaking News

Updated: Wednesday, November 26, 2014

Prepaid community reacts to CFPB

On Nov. 20, 2014, the Consumer Finance Protection Bureau published a broad set of recommended guidelines for prepaid providers that seek to simplify and standardize the way prepaid products are sold, distributed and supported in the United States.

The prepaid community’s initial comments have been mostly high level as industry stakeholders complete their due diligence on the proposed changes and their far-reaching impact on the prepaid ecosystem.

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