Federal banking regulators this thirty days cracked straight down on MetaBank, a significant card that is prepaid, an action that tossed into concern the pending initial general public providing of prepaid credit card system supervisor NetSpend Corp.
Austin, Texas-based NetSpend is planned to expense its long-planned IPO on Thursday, relating to reports from the economic cables. But its close ties to MetaBank caused rounds of conjecture about perhaps the IPO will in truth take place. A NetSpend representative claims he can’t comment. Continue reading “Crackdown on MetaBank Casts a Shadow on NetSpend’s IPO”