The CFPB plans to announce the first set of rules for reloadable prepaid cards, including...

|By:, SA News Editor

The CFPB plans to announce the first set of rules for reloadable prepaid cards, including standards for fee disclosure and limits on consumer liability if cards are used without authorization. Major banks and companies such as Green Dot (GDOT) have been increasingly pushing the cards on consumers because under the current framework they can charge higher fees.