Webinar: Breaking Down Prepaid Cards

Resource Overview

Prepaid cards are everywhere, but unlike debit cards linked to a checking account there are no formal federal regulations to protect consumers’ funds. Consumers and organizations have difficulty accurately evaluating their real-world costs because many prepaid cards have hidden fees with confusing disclosure forms. This webinar will provide clarity on prepaid cards, the regulations which govern them, and the direction of the industry.

Susan Weinstock of Pew Charitable Trusts will lead us in evaluating the costs of using a prepaid card. Dan Quan of the Consumer Financial Protection Bureau (CFPB) will help us better understand the movement of the prepaid card industry and how consumer advocates are pushing back to make these cards safer.


  • Susan Weinstock, Safe Checking in the Electronic Age, Pew Charitable Trusts
  • Dan Quan, Card Markets, Consumer Financial Protection Bureau (CFPB)
  • Ethan Brown, Illinois Asset Building Group, Heartland Alliance

More Related Resources

Fact Sheet: Illinois needs a Strong CFPB

The Consumer Financial Protection Bureau (CFPB) reins in predatory practices in mortgage lending,...

Read more

Wage Assignments: Know your Rights

Wage assignments are a way that some lenders, particularly payday lenders, take a portion of a...

Read more

Your Money, Your Goals Toolkit

The Consumer Financial Protection Bureau has developed a toolkit to help front line staff as they...

Read more