Green Dot hires former NetSpend boss Dan Henry as new CEO
Former NetSpend CEO Dan Henry has been named as the CEO of Green Dot, the Pasadena, Calif.-based prepaid card issuer and banking company. ... Read full article
News Topic: Netspend
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Netspend breakdown, Warren chides Comerica, FDIC's deposit rules: Top stories of the week
Netspend customers kept from accessing paychecks; Sen. Elizabeth Warren rebukes Comerica over fraud in benefits program; FDIC poised to revamp deposit rules (about time, say banks); and more from this week's most-read stories. ... Read full article
Tech vendor fixes problem that held up prepaid cardholders' paychecks
Customer furor stemmed from troubles FIS had processing payments for MetaBank, the issuer of Netspend and other prepaid debit cards. ... Read full article
Few answers for Netspend customers unable to access paychecks
Neither the prepaid issuer nor its bank partner can say when cardholders — many living paycheck to paycheck — will receive their funds. ... Read full article
Refund checks sent to more than 430,000 NetSpend prepaid card users
The payments, which total more than $10 million, stem from a 2017 settlement with the Federal Trade Commission. The agency charged that NetSpend deceived consumers by advertising that they could get immediate access to their funds. ... Read full article
Fight over CFPB prepaid rule coming to a head
The fight over a Consumer Financial Protection Bureau rule adding new restrictions to prepaid cards is intensifying as some Republicans hope to overturn it before a looming deadline expires. ... Read full article
Legislative challenge to prepaid rule is an affront to consumers
Prepaid card users have waited a long time for the basic protections that debit card customers take for granted. Congress should not throw them under the bus. ... Read full article
Netspend agrees to $53M settlement of FTC allegations
The prepaid card issuer was accused of deceiving customers in ads claiming that getting approved was easy, and funds would be available right away. ... Read full article