The Prepaid Cards and Consumer Protections Policy Paper released by CFSI in July 2011 was quoted in an article on The Green Sheet regarding Prepaid Cards and upcoming protections that might be enforced. A group of consume advocates have suggested a number of protections for prepaid card users to the CFPB:

• Clear and conspicuous fee disclosures
• Limits to losses from unauthorized transactions on lost and stolen cards
• Requirements for prompt re-crediting of disputed transaction amounts
• Additional detailed instructions for handling disputed card transactions

CFSi's Policy Report states that many prepaid cards already offer basic protections, but that consumers need assurance that any GPR card in the marketplace has these same protections in place.

Find the reference here on The Green Sheet.