The Consumer Financial Protection Bureau is seeking information on how to better regulate the prepaid card industry, estimating that the amount of money loaded onto these cards will balloon from $57 billion in 2011 to $167 billion in 2014.
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Initial discussions have commenced to solidify the inception of a cross-industry group proposed by MasterCard to cultivate collaboration and alignment between various players in the U.S. deployment of EMV technology.
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The rate of late payments for auto loans fell nationally in the first three months of the year to the lowest level in more than a decade, even as lenders financed more vehicle purchases for high-risk borrowers.
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