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prepaid cards

February 11, 2014

With the formal publication of their research on prepaid cards, the Pew Charitable Trust's policy staff has reset how people will debate the issues surrounding these cards.

Their findings in "Why Americans Use Prepaid Cards" come from telephone surveys that Pew conducted over the course of last year. They presented

January 28, 2014

I like the proposal put forward by research staff at the US Postal Service to get back into banking. I think it could help to bring more access to financial services to lower-income communities. But it

January 22, 2014

Recognizing that more and more people are turning to prepaid debit cards as their primary means of payment, Senator Mark Warner (D-VA) has put forth a new bill that would mandate a new system of disclosures.

The Prepaid Card Disclosure Act of 2014 covers FDIC-insured general-purpose reloadable prepaid cards that can

January 10, 2014

For those waiting on the CFPB for its now-delayed rulemaking on prepaid cards, the departure of the lead executive in Cards puts a provocative energy into the vacuum of policy related to the products.

November 25, 2013

A new agreement between Green Dot, MasterCard, and Wal-Mart means that more people will soon be able to add cash to their prepaid cards when they check out at a register. Rapid Reload, where a person adds cash without buying

November 22, 2013

Pennsylvania's Department of Banking and Securities says that General Payment Systems, formerly known as Continental Prison Systems, has been offering its products without a money transmitter license. As such, the

November 1, 2013

Yesterday's earnings announcement from Green Dot evidenced a product that remains resilient to any of the forces cited recently by its critics. Green Dot beat forecasts on EPS, but the strongest proof

October 31, 2013

Imagine a system where the regulation of financial products turns not on their ability to comply with a pre-set standard but is instead framed by empiricism.

The goal of regulation is to make sure that institutions comply with the law. That is a good thing. It is also

October 25, 2013

Customers taking less than maximum pawn advance at Cash America: Cash America told investors that there is a new phenomenon taking place out in its pawn shops. More and more often, customers are turning down a

October 8, 2013

According to a filing released this evening, H&R Block terminated its agreement with Republic Bank of Kentucky. As a result, H&R Block Bank will not be sold to Republic. Financial products sold in Block stores will remain in-house.  

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