This is an updated version of an earlier story.

The business of issuing prepaid debit cards to the unemployed and disabled is one that has emerged from the financial crisis virtually untouched by the flood of new regulations. Even so banks — led by Bank of America Corp., JPMorgan Chase & Co., U.S. Bancorp and Wells Fargo & Co. — are navigating with caution the relatively small but fast-growing business of running these state-run benefit programs.

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