It’s ridiculous that the government is making it increasingly difficult for people to conduct electronic commerce. All any additional rules will do is prey even further on the “underbanked” a/k/a poor people that for one reason or another do not have a bank account and widen the electronic gap between the rich and the poor.
These regulations will close down a market for others, that do not wish to enter the banking system, prefer to use cash and need some way to purchase products online.
Big Brother knows enough about Americans already. They need not collect more information on us if we choose to use a Prepaid Card to conduct business.
For those who get Direct Deposit every month and you can’t wait, Wells Fargo allowed you to take a $500 ‘loan’ on it for a $35 fee.
Because of government regulations this convenience has been ended.