Payments News


Government Releases Report on Campus Prepaid Card and Deposit-Account Fees

“The report was prepared by the Consumer Financial Protection Bureau for the Education Department and completed in February, but not released until Friday. The release came only after former CFPB officials tipped off journalists and consumer groups of its existence, resulting in demands under the Freedom of Information Act for its release, according to U.S. PIRG, the Washington, D.C.-based federation of state public-interest research groups.”