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.

Comments
Also by This Author
What's Hot
News
The Twelve Month Countdown: Mobile and EMV? Mobile or EMV?
B2B Payments
Tungsten Brings Its E-Invoice Platform To Qatar
B2B Payments
Rules Governing Military Travel Management Changing
News
Amazon Visa Will Work With Apple Pay…Soon
View All Articles ››
You May Also Like
Company Spotlight
Different mPOS Strokes for Different mPOS Folks
International
Digital River Offers A Sneak Peak At Mobile eCommerce Trends
Mobile Commerce
Trustwave Buys Cenzic To Beef Up App Testing Capability
Apple Pay Tracker
Apple Adds Buy-It Buttons to iAd
Apple Pay Tracker
The Apple Pay Beacon Trojan Horse
News
The Twelve Month Countdown: Mobile and EMV? Mobile or EMV?
B2B Payments
Citi’s New B2B Analytics Suite
View All Articles ››