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Offer comparable customer defenses for bank reports and prepaid cards

Offer comparable customer defenses for bank reports and prepaid cards

Tips

Prepaid cards of most stripes—government, payroll, and general-purpose reloadable cards—have developed to generally meet customers’ needs with reduced expenses and greater convenience than money and paper that is traditional. But market that is current claim that, in certain circumstances, prepaid cards have actually quite a distance to get before they certainly are truly affordable and effective bank-account substitutes. The actions that are following valuable very very first actions to increasing prepaid cards for unbanked customers.

Revise and enforce minimal requirements for all federal federal government cards with the Direct Express Card as being a model

federal federal Government cards should really be held to an increased standard to make sure that benefits that are taxpayer-funded head to recipients.