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The report also noted that these prepaid cash cards can be purchased anonymously at retail and check-cashing stores in the U.S. and can be used to withdraw money from automated teller machines around the world.EBSCO_bspTeller Vision
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The article argues prepaid debit cards, which have become almost indistinguishable from traditional bank accounts in the U.S., should be regulated like bank accounts because doing otherwise runs the risk of creating loopholes which allow companies to avoid oversight by the regulatory system. The disc...
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The article discusses a survey conducted by Massachusetts Office of Consumer Affairs and Business Regulation which investigates the popularity of prepaid cards that is acting as more costly substitute for costumers than traditional bank accounts. It presents the views of Commissioner of Banks David Cotne...
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