Even partial application of consumer protection rules to stored-value cards could impede development of this new payment system, according to a Federal Reserve Board report.

The study, sent to Congress late Monday, recommends using policy statements and public education campaigns to protect consumers without stalling growth of these cards.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.