In a scene that is increasingly rare when the CFPB starts talking about new rules and regulations, all major parties involved in the conversation seem to be in basic agreement on them. Consumer and industry officials seem to have concluded that the CFPB’s new rules on prepaid cards will likely strengthen the already growing industry.
It’s like the bizarro universe version of the payday lending regulations that dropped about a month ago, which also managed to cause an unexpected blooming of consensus.