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.
Learn More About This Report & Javelin
Related content
2025 Prepaid Payments Trends
In 2025 and beyond, look for security enhancements, bigger B2B applications, and increased healthcare uses of prepaid products.
21st Annual U.S. Closed-Loop Prepaid Card Market Forecast, 2024-2028
Closed-loop prepaid programs continue enjoying strong growth across the breadth of the industry. In this annual report, Javelin Strategy & Research takes a look at the market for c...
2024 Prepaid Regulatory Update: Playing by the Rules
Javelin’s annual update covers how economic and regulatory issues are affecting the prepaid card market. This report covers direct and broad-scale regulatory changes occurring in 2...
Make informed decisions in a digital financial world