Bureau’s Proposal Includes New ‘Know Before You Owe’ Prepaid Disclosures
WASHINGTON, D.C. –(ENEWSPF)—November 13, 2014. Today the Consumer Financial Protection Bureau (CFPB) is proposing strong, new federal consumer protections for the prepaid market. The proposal would require prepaid companies to limit consumers’ losses when funds are stolen or cards are lost, investigate and resolve errors, provide easy and free access to account information, and adhere to credit card protections if a credit product is offered…
