Crackdown on MetaBank Casts a Shadow on NetSpend’s IPO Federal banking regulators this thirty days cracked straight straight down on MetaBank, a significant prepaid credit card issuer, an action that tossed into concern the pending initial general public providing of prepaid credit card program supervisor NetSpend Corp. Austin, Texas-based NetSpend is planned to amount its long-planned IPO on Thursday, in accordance with reports from the economic cables. But its close ties to MetaBank caused rounds of conjecture about if the IPO will in truth take place. A NetSpend representative claims he can’t comment. On Tuesday, MetaBank’s moms and dad business, Storm Lake, Iowa-based Meta FinancialRead More →

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