CBS News – 11/31/14: Prepaid card users, whose ranks have swollen in part due to consumers using the cards in lieu of checking accounts, should have the same protections as those who do bank, the Consumer Financial Protection Bureau (CFPB) said on Thursday. The CFPB proposed a sweeping set of rules that would require prepaid companies to limit consumer losses due to theft or loss, to investigate and resolve errors, to give consumers a simple and free way to get information about their accounts, and to provide clear disclosures about fees and risks.
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