Concerning upcoming changes to the prepaid card market

As we noted in a previous post, the Consumer Financial Protection Bureau recently announced new rules, effective October 1, 2017, governing the prepaid debit card industry.

As the Washington Post explains, "It’s a big change more than two years in the making that’s expected to bring some basic account protections to its customers, who are often financially disadvantaged." The Post offers an explanation of some things you should know about the cards and the rules, here.

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