By Ken Sweet, The Associated Press More consumers who use prepaid debit cards will be able to spend more than their balance, starting next October. But if that feature sounds very much like overdraft protection on a traditional checking account, well, there are some key differences. The new rules, finalized by the Consumer Financial Protection Bureau in October, will make prepaid debit cards even more like traditional checking accounts, but also will require customers who want overdraft protection to apply for it like a credit card. Customers generally have not wanted the ability to overdraft a prepaid debit card, and only a small minority of prepaid card issuers offer overdraft as a feature.
Overdraft Protection Coming To Prepaid Cards, With Heavy Restrictions
The Associated Press, Denver Post: Business
Sun, 12/04/2016 - 12:02am
Topics: ken sweet the associated press consumer financial protection bureau customers americans netspend related articlesdecember colorado-based boom technology why america s insurance robot space odyssey apple the thaddeus king a the october cfpb pew charitable trusts december overdraft protection prepaid cards debit account checking credit feature balance traditional rules deposit accounts separate bank loaded pay didn apply offer finalized generally line ability percent features overdrafts funds interest companies function making amount double years
BING NEWS:
- This Week In Credit Card News: How Virtual Credit Cards Can Save You Money
GM in Talks to Move Credit Card Business from Goldman to Barclays Goldman Sachs is in talks to transfer its General Motors credit card program to Barclays, in what would be a big step in the Wall ...
05/2/2024 - 7:46 am | View Link - 3 Reasons to Consider a Prepaid Phone Plan
You don't need to sign a long-term contract for wireless service. Learn why a prepaid phone plan could be a better option.
04/24/2024 - 4:00 am | View Link - Best prepaid debit cards of March 2024
Prepaid debit cards are designed to be loaded and used right away as ... further bolstered by Mastercard's Zero Liability Protection, making it a secure and practical option for managing federal ...
02/28/2024 - 7:30 am | View Link - More
Welcome to Wopular
Wopular is an
online newspaper rack,
giving you a summary view of the top headlines from the top news sites.
Senh Duong (Founder)
Wopular,
MWB,
RottenTomatoes
MoviesWithButter : Our Sister Site
- "Expendables 4" Starts Shooting This Fall, Says Randy Couture at the Arnold Sports Festival more
- “Expendables 4” Gets Funding Interest from “Ip Man 3” Financier more
- "Ip Man 3" Distributor Suspected of Box Office Fraud, Parent Company Loses $200M in Market Cap more
- Yen Targets "Ip Man 4" for 2018 Release; Discusses Film with Director, Producer more
- "Ip Man 3" Shatters Expectations with $72M Opening [China Box Office] more