Jasmine Banks

Cooley LLP

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CFPB Warns Government Benefits Distributors About Compulsory Use of Prepaid Cards

On February 15, 2022, the Consumer Financial Protection Bureau (CFPB) issued a compliance bulletin indicating that it will be scrutinizing prepaid card providers who distribute government benefits and payments. Specifically,...more

2/21/2022  /  Consumer Financial Protection Bureau (CFPB) , EFTA , Enforcement Actions , Financial Institutions , Prepaid Payment Products , UDAAP
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