GPR Prepaid Debit Cards Lose Courtesy Overdraft Capability
- Date:December 25, 2018
- Author(s):
- C. Sue Brown
- Research Topic(s):
- Prepaid
- PAID CONTENT
Overview
Mainstream financial service product loses sought-after feature.
General purpose reloadable (GPR) prepaid debit cards will no longer offer courtesy overdraft protection after April 1, 2019, when regulations by the Bureau of Consumer Financial Protection (formerly the CFPB) take effect.
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