The PCMLTFA is growing (again)—here’s what you need to know
Prepaid card issuers and sellers The changes: In the past, there were no regulations surrounding issuers of open-loop prepaid payment products (e.g., prepaid Visa or Mastercard gift cards) or the businesses that sold them. The recent PCMLTFA amendments are changing all that. Now, anyone who issues or sells these products in values over $1,000 ................
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