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When prepaid cards started out, they were basically simple gift cards from retail stores. Since that time they have become popular financial-management tools, rivaling bank checking accounts. Because of this, regulators have plans this fall to bring the sector under greater scrutiny.

1. How much is expected to be loaded on prepaid cards this year?
2. What would the new rule by the CFPB require?
3. Who are the “unbanked” and why are they currently treated differently according to this article?


Hayashi, Y (2016). Prepaid Cards’ Growing Popularity Catches Regulator’s Eye. The Wall Street Journal, Sep. 17 (Retrievable online at