March 29, 2021 — Letter

The National Consumer Law Center (NCLC) is proud to sponsor Senate Bill 497, which will close a loophole that allows nonbank prepaid card companies to evade California laws that prohibit overdraft fees on prepaid cards used to receive public assistance, unemployment compensation, or state-distributed child support payments. The bill will ensure that state funds go for their intended purpose of supporting families in need and are not drained off by fees.