This week, the Consumer Financial Protection Bureau started requiring safeguards against fraud, unauthorized charges and errors for consumers who use prepaid cards. Those are the cards, often carrying the logos of Mastercard or Visa, that allow people to shop anywhere with pre-loaded money. The protections are now the same as those extended to users of debit cards tied to bank accounts. Prepaid cards are a fast-growing segment of the financial services industry.
Marketplace is on a mission.
We believe Main Street matters as much as Wall Street, economic news is made relevant and real through human stories, and a touch of humor helps enliven topics you might typically find…well, dull.
Through the signature style that only Marketplace can deliver, we’re on a mission to raise the economic intelligence of the country—but we don’t do it alone. We count on listeners and readers like you to keep this public service free and accessible to all. Will you become a partner in our mission today?