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Political Factoid
More offers for prepaid cards* are coming your way:
- Prepaid cards are not covered
by the CARD Act.
Which Congress passed in 2010
to limit certain credit card fees.
- Prepaid cards are not regulated
by the Durbin Amendment.
A law that limits the fees banks can
charge retailers when customers
swipe their debit cards.
| * |
It never takes the greedy long to find ways around new rules
intended to protect the public.
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cf.
CCC,
150
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-30-
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