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CFPB seeks feedback on draft disclosures for prepaid cards
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Consumer Protection
Friday, March 21, 2014
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The Consumer Financial Protection Bureau has developed some draft disclosures for prepaid cards and is currently seeking public feedback on its efforts. The agency noted that current disclosures differ, making prepaid cards difficult to compare. The bureau is working to develop a model disclosure as part of a forthcoming rule proposal related to prepaid cards. Read on to learn about the bureau’s project.
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