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Tech

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. […]
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Tech

Dollar Car Rental Modifies Prepaid Card Policies

“Rentals booked more than 24 hours in advance will only require a debit card and driver’s license. Rentals booked less than 24 hours in advance, or rentals for Convertibles, Luxury and Premium vehicles, can still use a debit card but require two forms of identification and proof of return travel plans. The policy will also […]
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Use

Prepaid-Card Users Get Protection Guarantee

“Prepaid payment cards and mobile services just received a status upgrade, giving their users the same protections and services as those for bank debit-card customers. The Consumer Financial Protection Bureau this week started requiring issuers of prepaid cards to guarantee basic protection from fraud, unauthorized charges and errors.”