07/25/2011
https://www.congress.gov...
"I have introduced the Prepaid Card Consumer Protection Act, and I want to applaud the agency for starting the process of regulating prepaid cards."
"I appreciate that view, I think which is in the context of what the law specifically asks for."
"They are all on notice of that. And they need to, again, get up to snuff."
"But for your agency, do you think that this action would have taken, consumers would have been saved the $140, $150 million?"