WASHINGTON — The prepaid card industry is ramping up its advocacy efforts on Capitol Hill as the Consumer Financial Protection Bureau readies a final rule targeting such products.

The agency unveiled a proposal in 2014 that would regulate the industry in a number of ways, but one that has proved to be particularly sensitive is treating overdraft features on prepaid cards as "open-end credit," putting them under the same rules as credit 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.