CFPB Has Just a Few Questions About Prepaid

What's Next In Payments®
4:50 PM EST May 18th, 2012

The Consumer Financial Protection Bureau has scheduled a hearing for May 23 in Durham, N.C. The subject: prepaid cards.

Director Richard Cordray himself will be there, the CFPB says. Testimony will be presented by “consumer and civil rights groups, industry representatives, and members of the public,” at the Durham Convention Center.

The CFPB has had its eye on prepaid for quite some time. A February 2011 Bloomberg report that speculated prepaid debit cards “may be next focus of consumer agency” has turned out to be deadly accurate.

Access the full details behind the CFPB’s hearing here.

Also by This Author
What's Hot
Point of Sale
PCH Trying to Buy Fab For $15 Million
Apple Pay Tracker
MasterCard: Security Is Nice, Functionality Is Better
Intuit Payments Sees Growth
Finally, An App That Finds Only Bars And Nightclubs!
View All Articles ››
You May Also Like
Company Spotlight
Different mPOS Strokes for Different mPOS Folks
Digital River Offers A Sneak Peak At Mobile eCommerce Trends
Mobile Commerce
Trustwave Buys Cenzic To Beef Up App Testing Capability
In Depth
Let’s Get Ready To Retail
CA Technologies
How To Ignite Issuer-Branded Mobile Wallets
Point of Sale
PCH Trying to Buy Fab For $15 Million
Who’s Driving eCommerce Spend?
View All Articles ››