Prepaid cards withholding provisional credit past the 10-day regulatory deadline
Prepaid card issuers deny provisional credits during dispute investigations by claiming "new account" status, even when Regulation E's 10-day deadline applies regardless. Underbanked users who depend on prepaid cards for everyday spending lose access to disputed funds with no legal recourse during the investigation. The new account excuse is a policy workaround that regulators have not consistently enforced.
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Similar Problems
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Problem descriptions, scores, analysis, and solution blueprints may be updated as new community data becomes available.