Comment on CFPB-2012-0019-0001

Document ID: CFPB-2012-0019-0005
Document Type: Public Submission
Agency: Consumer Financial Protection Bureau
Received Date: May 24 2012, at 12:00 AM Eastern Daylight Time
Date Posted: May 28 2012, at 12:00 AM Eastern Standard Time
Comment Start Date: May 24 2012, at 12:00 AM Eastern Standard Time
Comment Due Date: July 23 2012, at 11:59 PM Eastern Standard Time
Tracking Number: 8101c21b
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This is comment on Proposed Rule

Electronic Fund Transfers

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Prepaid cards should have the fees disclosed prior to purchase. I have purchased those for gift cards and prefer the ones with a one time fee that I can pay up front. This is a prepaid card. By definition there should be no ability to exceed the amount of the card, ergo, no overdraft protection. The customer should be able to put the funds into their bank account if necessary.

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Comment on CFPB-2012-0019-0001
Public Submission Posted: 05/28/2012 ID: CFPB-2012-0019-0002