The CFPB has provided additional time to prepare for its long-anticipated prepaid accounts rule, moving the rule's effective date from October 1, 2017 to April 1, 2018. Per the CFPB, the delay will ...

While the CFPB continues to believe that early compliance may benefit both industry and consumers, the Bureau decided not to adopt a specific safe harbor provision for early compliance with the ...

In 2015, Americans loaded over $76 billion onto prepaid debit cards, using them to receive deposits, make purchases and pay bills. Prepaid debit cards —also called general purpose reloadable (GPR) ...

Two years after the Consumer Financial Protection Bureau first proposed rules aimed at making prepaid cards safer and less costly for the 24 million unbanked consumers who make use of these sometimes ...

A recent article in American Banker, “Prepaid card debacles, from BofA to the Kardashians,” paints a distorted picture of an industry that has and continues to provide value, innovation, security and ...

The number of prepaid debit cards has spiked in recent years, offering consumers a new tool for handling their finances. But like checking accounts, prepaid cards can also bear many types of fees -- ...

Reporting from Washington — Americans who use a fast-expanding array of prepaid cards for everyday transactions such as shopping, withdrawing money from ATMs and receiving pay or government benefits ...

Verizon accounts come in a few different forms: contract accounts and Verizon prepaid accounts. Contract accounts are where the customer signs on for service on a yearly or more basis, and Verizon ...