CFPB Has Just a Few Questions About Prepaid

What's Next In Payments®
4:50 PM EDT 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
Square Launches Register App Platform
Etsy Debuts mPOS Solution
Merchant Innovation
Ron Johnson’s New Company To Focus On Shopper Decisions
B2B Payments
WEX and Sinclair Oil Strike Long Term Contract
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
Merchant Innovation
Apple Pay Launch Week By The Numbers: 46B, 58M and 1
B2B Payments
Tungsten Spent $6.5 Million for DocuSphere
Company Spotlight
Inside the Future of Commerce, Post Apple Pay
Alternative Financial Services
Death Threats, Fraudsters and Lawsuits
View All Articles ››