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.
As a nonprofit news organization, our future depends on listeners like you who believe in the power of public service journalism.
Your investment in Marketplace helps us remain paywall-free and ensures everyone has access to trustworthy, unbiased news and information, regardless of their ability to pay.
Donate today — in any amount — to become a Marketplace Investor. Now more than ever, your commitment makes a difference.