Through objective research and analysis, Pew’s Prepaid Cards Research Project seeks to answer questions such as: What is the size of the market for general purpose reloadable (GPR) prepaid cards? What is the current federal regulatory authority and where are gaps in this authority? What are consumer expectations and perceptions of prepaid cards? Are there policies that should be enacted to ensure the safety of this product?
RESEARCH from the Project
The Pew Charitable Trusts’ Financial Security Portfolio is pleased to provide comments in response to the Consumer Financial Protection Bureau’s Advanced Notice of Proposed Rulemaking on General Purpose Reloadable Prepaid Cards.
This fact sheet focuses on the lessons learned from consumers who purchase and use prepaid debit cards.