WASHINGTON - Sen. Mark Warner, D-Va., introduced legislation Thursday that would require banks to provide greater transparency around prepaid card fees.

The Prepaid Card Disclosure Act of 2014 would mandate that issuers provide consumers with a basic fee table listing possible charges before they purchase the card and that they clearly display a toll-free number and website on the card itself where consumers can access additional fee information. The legislation comes as banks continue to increase their presence in the prepaid market, despite indications that the Consumer Financial Protection Bureau could step up its oversight later this year.

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