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US prepaid debit card users to get federal protections

New rules shed light on a product that is often the subject of complaints
Thursday, October 6, 2016 - 05:50

New York

PREPAID debit cards are a financial lifeline for many people, but a risky one. They lack many of the basic consumer protections that credit cards and bank debit cards are required to offer. That will change next year, with a raft of new federal rules intended to clamp down on a

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