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The cumbersome regulations for prepaid products proposed by CFPB could reduce market competition, discourage innovation and effectively cut off many Americans' participation in the digital economy.
June 15 -
Digital upstarts are out to steal traditional banks' customers by taking the hassle out of everything from account opening to borrowing. Its tough to compete with banks' resources and brand recognition, but these new mobile competitors are adamant that they can win on customer experience.
April 27 -
Industry groups are crying foul over how a Consumer Financial Protection Bureau proposal to regulate prepaid cards would affect overdraft services and treat virtual currencies.
April 2
The National Branded Prepaid Card Association has selected a new president.
Brad Fauss was promoted to the position from interim executive director and general counsel. Fauss succeeds Doug Bower, who retired this year due to health problems. Fauss also previously served as the association's board chairman.
Fauss came to the association after a career in the payments industry, working Brightwell Payments, TSYS and Global Payments.
