The Consumer Financial Protection Bureau’s (CFPB) new Prepaid Rule went into effect on April 1, 2019. At a high level, the Prepaid Rule amends portions of the Truth in Lending Act and the Electronic ...

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) ...

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 -- ...

On October 5, 2016, the Consumer Financial Protection Bureau (“CFPB”) issued its long-awaited final rule to further regulate prepaid card products, or “prepaid accounts” (the “Final Rule” or “Rule”).

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 ...

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 ...

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 ...

CEO and Co-Founder of NovoPayment, a FinTech company that enables financial institutions in the transformation of their digital services. A payments technology long associated with underbanked and ...