NBPCANetwork Branded Prepaid Card Association
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We are honored to have Commissioner Koskinen speak at the 2016 Power of Prepaid[R] to highlight the important work being done together to combat tax fraud and protect Americans," said Brad Fauss, President and CEO of NBPCA.
The NBPCA is a non-profit trade association representing a diverse group of organizations that support network branded prepaid cards and other forms of prepaid access used by consumers, businesses and governments.
Interim executive director and general counsel of NBPCA Brad Fauss said, "We appreciate the efforts of the CFPB staff to better understand the prepaid market, but we have concerns with several provisions in the proposed rule that we believe will limit consumer access to and choice among prepaid products at a time when consumer demand is at an all-time high.
According to the NBPCA, which cites data from the National Retail Federation, branded gift cards generated sales of $5 billion in 2004.