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prepaid cards

February 4, 2015

Industry associates tied to prepaid cards want the CFPB to extend the comment time for the proposed rule. The House Financial Services Committee seems to have the same idea.

February 2, 2015

Green Dot has credit in its sights. But Wall Street isn't impressed.

November 24, 2014

A review of the costs of four different prepaid cards that fulfill the niche re-entry market. These cards are given to people at the moment they leave jail or prison.

November 14, 2014

My reaction's to the CFPB's proposed rule-making on prepaid cards. Bottom line - I think it is a good set of ideas.

November 12, 2014

Wherein I discuss who the CFPB might design its proposed model disclosure for prepaid cards, how many items they will choose to include in the disclosure, and what elements bear watching for inclusion or exclusion.

November 6, 2014

The CRA does not fit with the model of a bank that interacts with its customers in a branch-less mode. Here are a few examples of that poor fit.

November 4, 2014

Regulators appear poised to finally accommodate the branchless distribution network of prepaid cards to the framework of the Community Reinvestment Act.

October 6, 2014

Block Bank deal put off? Why? Could it be some behind-scenes pressure on the use of refund anticipation checks? Could it be a moment where a regulator asks for a real CRA strategic plan for prepaid card issuers?

September 30, 2014

My suggestions for the CFPB's new proposed rules on prepaid debit cards. They must decide if they will allow overdraft and/or lines of credit on these accounts. I say "no" to overdraft, and "yes" with strong conditions to credit.

September 18, 2014

Green Dot says that it will buy Santa Barbara Tax Products Group ("SBTPG") for a mix of cash and stock worth $320 million.