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CFPB's prepaid card rule could open the door to rampant fraud

Published: February 10, 2023

Card issuers are sounding the alarm about the Consumer Financial Protection Bureau's final prepaid rule, claiming that without fixes the agency has opened the door to potential fraud on unregistered cards.

Source: americanbanker.com

Related Topics:

United StatesBen JacksonKris AndreassenMadelinek AufseeserBrad FaussMayer BrownConsumer Financial Protection BureauElectronic Fund TransferAmerican ExpressGreen Dot CorpMercator Advisory GroupNetwork Branded Prepaid Card AssociationDavid BeamMercator AdvisoryTender ArmorFort LauderdaleElectronic Fund Transfer ActGreen DotSocial SecurityPrepaid Cards