Subject Material Specialists
Rachel Gittleman
Financial Solutions and Membership Outreach Manager
Many Recent Press Releases
Most Recent Testimony and Responses
Stops Usage Of Cards to Evade State Payday Laws
Washington, D.C. – under some pressure through the banking that is federal and customer advocates, Urban Trust Bank (UTB) announced belated yesterday so it has stopped allowing its prepaid cards to be utilized by the CheckSmart string of payday shops to evade rate of interest caps and payday regulations in Arizona, Ohio, as well as other states. The prepaid cards supplied by Insight Card solutions carried optional overdraft “protection” that allowed acquisitions if the card had been empty, at a price of $0.15 for each $1 in negative stability. Read More
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