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Study of Prepaid Account Agreements

To better understand the features and consumer protections currently provided by prepaid products, we studied publicly available account agreements for prepaid products. Specifically, we tried to determine current industry practices in a number of areas to understand the potential costs and benefits of extending various Regulation E provisions to prepaid accounts. We examined certain key provisions in the account agreements of prepaid cards and other similar prepaid programs currently available to consumers and compared those terms against the protections that would be required by the proposal.

Full report

Study of prepaid account agreements