Tell Congress Not to Block the CFPB’s Prepaid Card Rule

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New rules protecting prepaid cards against hidden fees and fraudulent charges are in jeopardy! 
Tell Congress that you oppose blocking the Consumer Financial Protection Bureau’s (CFPB) prepaid card rule and that you support the CFPB’s work on behalf of working families. 

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Congress is threatening to use an obscure law to block common sense new rules the CFPB just enacted to:

  • give prepaid cards the same protections against fraud, unauthorized charges and errors that debit cards have;
  • help consumers avoid hidden fees and comparison shop with a simple chart of key fees;
  • provide convenient, free access to account transactions and account balances;
  • tell employees they do not have to receive wages on a payroll card; and
  • limit overdraft fees and prevent unaffordable credit features on prepaid cards by requiring hybrid prepaid-credit cards to comply with credit card laws.

But NetSpend, the only major prepaid card company that charges overdraft fees, is pushing Congress to block the rule to preserve $80 million in overdraft and other fees charged each year to struggling families.

Please call your U.S. senators through the Capitol Switchboard at (202) 224-3121, or find their office number here. You can also fill out the form below to access the email message.  Every letter makes a difference but a letter with your own concerns has the greatest effect. Your email will be sent directly to your senators and congressional representative.

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