The Credit CARD act of 2009 and prepaid cards

Philip Keitel

No 09-03, Consumer Finance Institute discussion papers from Federal Reserve Bank of Philadelphia

Abstract: Recently enacted federal legislation contains a number of provisions that will affect the prepaid card industry. This note highlights some of these provisions, discusses how they might shape the prepaid card industry, and outlines the debate over whether prepaid cards should be defined as \"monetary instruments\" under federal law.

Keywords: Payment systems; Credit cards; Debit cards; Law and legislation (search for similar items in EconPapers)
Date: 2009
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