ABA Offers Feedback on FDIC’s Small Business Lending Survey
In a letter yesterday, ABA provided feedback on the consumer bank account section of the FDIC’s proposed small business lending survey.
Browsing: prepaid cards
CFPB Updates Rulemaking Agenda for 2015-16
The Consumer Financial Protection Bureau today updated its rulemaking agenda for the remainder of 2015 and into 2016.
Large Banks Adopt New Standards for Low-Cost Accounts
The four largest nationwide banks — JPMorgan Chase, Bank of America, Citigroup and Wells Fargo — have implemented or agreed to implement the Bank On National Account Standards for bank products that are low-cost, low-fee and overdraft-free.
Boston Fed: Prepaid Cards Could Be Savings Vehicle
General-purpose reloadable prepaid cards are emerging as a savings vehicle for low-income individuals, according to a new article from the Federal Reserve Bank of Boston’s Communities and Banking magazine.
Boston Fed: Unbanked More Likely to Use Prepaid Cards
People without checking accounts are nearly twice as likely as those who do have checking accounts to own a general-purpose, reloadable prepaid card, according to researchers at the Federal Reserve Bank of Boston. Twenty-four percent of the banked have a prepaid card, while 45 percent of the unbanked do, they found.