I will be the first of three consumer panelists speaking at today’s CFPB field hearing in Durham. It is hard to imagine a bigger day for prepaid debit card policy than today. The fact that the CFPB announced (more…)

The Consumer Financial Protection Bureau is going to publish an Advanced Notice of Proposed Rule Making to consider giving prepaid debit cards full coverage under Regulation E of the Electronic Funds Transfer Act.

The announcement was released at midnight, hours before the CFPB’s field hearing on prepaid debit cards (more…)

Green Dot announced a new exclusive distribution agreement with Dollar Tree this morning.

Green Dot is matching NetSpend in the dollar store market. On May 10th, NetSpend announced a similar contract with Family Dollar.

The cards will be offered in the 4,351 Dollar Tree stores in the United States.The cards are supposed to (more…)

The National Council of La Raza has released a new study which offers some interesting insights into the use of prepaid debit cards by low-income Latinos. La Raza conducted a survey of 279 Latino tax filers at VITA sites in five cities in April 2010.

• Top reason to get a prepaid card: “It seemed convenient.”
• Best place to buy a prepaid card: Wal-Mart
• Top reasons to use a prepaid card: Pay bills, shop online, buy basic household items, or save money for an (more…)

Reinvestment Partners will speak at today’s annual meeting of JP Morgan Chase in Tampa, Florida.

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