New rules coming for increasingly popular prepaid cards

Published October 5, 2016 4:34am ET



Prepaid cards, an increasingly popular form of payment, will be subject to new federal regulation starting next year, thanks to a rule to be finalized by the Consumer Financial Protection Bureau Wednesday.

Companies that issue prepaid cards, online wallets and other similar products will have to provide new consumer protections, including loss limits for customers who lose their cards or have them stolen.

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