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Pre-paid cards seem like the responsible way to spend money -- just spend what you have -- but they're laden with hidden fees. With more users, regulators are taking a closer look at these cards.
The new Consumer Financial Protection Bureau announced this week its efforts to regulate prepaid debit cards. Regulators fear the cards aren’t backed by protections given regular credit card holders.
The Consumer Financial Protection Bureau takes aim at hidden fees for prepaid debit cards, the fastest growing form of payment in the U.S.