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.

Presenters:

  • 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

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