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Senators seek answers in Green Dot melee
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Consumer Protection
Friday, July 8, 2016
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As the Consumer Financial Protection Bureau prepares to tackle regulation of the prepaid card market later this year, two Senate leaders are seeking answers about a service interruption in May that affected thousands of consumers who use Wal-Mart MoneyCards to access their paychecks and pay their bills. In letters to the companies’ executives, the senators want to know exactly what caused the outage and what the companies intend to do about it.
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