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 ...

Written Testimony of Melissa Koide, Vice President of Policy, Center for Financial Services
House Subcommittee on Financial Institutions and Consumer Credit

An Examination of the Availability of Credit for Consumers

September 22, 2011 Thank you, Chairman Capito, Vice Chair Renacci, and Ranking ...

August 7, 2011

Office of the Comptroller of the Currency

250 E St, SW

Mail Stop 2-­‐3

Washington, DC 20219

Re: OCC Guidance on Deposit-­‐Related Consumer Credit Products (Docket ID OCC-­‐2011-­‐0012)

Dear OCC Representative:

The Center for Financial Services Innovation (CFSI) is submitting this letter in response to ...

CFSI has issued a letter in response to the request for comments by the U.S. Treasury Department’s Financial Crimes Enforcement Network (FinCEN) on June 28, 2010. FinCEN has proposed significant regulatory changes for providers and sellers of prepaid cards in response to ...

The Center for Financial Services Innovation (CFSI) issued a statement today on the specific language in the Financial Regulatory Reform bill that would regulate interchange fees, recommending prepaid cards – including government benefits cards, general purpose prepaid cards, payroll cards – be ...

 
There are 40 million persons living in the U.S. who lack a bank account. Many of these “unbanked” individuals lack sufficient identification necessary to meet banks’ customer identification verification procedures, which are required by the Bank Secrecy (BSA) and USA PATRIOT ...

Innovation Update: Industry Leaders Meet to Discuss Credit and Asset-Building Enhancements to Stored Value Cards

On November 4, 2004, CFSI and the Federal Reserve Bank of New York's Office of Regional and Community Affairs convened a group of leaders from the stored value ...