CFPB Pushes Prepaid Card Rule Implementation Back A Year
PYMNTS
JANUARY 25, 2018
Prepaid card accounts are among the faster-growing, consumer-facing financial products; according to expert estimates, the industry has grown from a net value of around $1 billion in 2003 to nearly $65 billion as of 2012. By 2020, analysts forecast that $116 billion per year will be loaded onto prepaid cards.
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