With millions depending on prepaid cards to help manage their financial lives and forthcoming CFPB regulations, it is important to gauge the quality of products in the marketplace and to encourage prepaid card issuers to develop offerings that actively improve consumers’ financial health.
CFSI has analyzed 22 of the largest and most innovative prepaid cards to assess the prepaid industry, highlight industry progress since the original 2014 Prepaid Industry Scorecard, and illustrate ongoing opportunities to provide customers with high-quality products and services. Download the paper to find out how the industry is doing today and check out the recording of our recent webinar.
MetLife Foundation is a major sponsor of CFSI’s ongoing consumer financial health work. This report and the Compass Principles are supported by a grant from CFSI’s Founding Partner, the Ford Foundation. The Compass Principles are also supported by Omidyar Network.
