Consumers Union Urges CFPB To Regulate Prepaid Credit Cards More Closely

Consumers Union Urges CFPB To Regulate Prepaid Credit Cards More Closely

Using a prepaid credit card and reloading at your convenience sounds like a great idea in theory, but there are many hidden fees and dangers involved. That’s why the Consumers Union, the policy and advocacy arm of Consumer Reports, is urging the Consumer Financial Protection Bureau today to adopt new rules to protect consumers who rely on prepaid cards. [More]