If theres anyway I could sign up for Spotify Premium without typing in a non-existing CVV and youd know of it by any chance, please let me know. They want a CVV number which Maestro debit cards dont have which is why it wont work. We explain why the CFPB should include "release cards" for people leaving prison in its new rules. I own a Maestro debit card and have tried several times to sign up for Spotify Premium. The Consumer Financial Protection Bureau will soon revise its rules for debit card regulation. Will the Consumer Financial Protection Bureau protect the public from high-fee "release cards"? by Aleks Kajstura, February 6, 2015.PPI submits a comment to the CFPB urging regulation of high-fee release cards. Our comment: Consumer Financial Protection Bureau should regulate release cards by Aleks Kajstura, March 18, 2015.
A partial victory: release cards included in CFPB's new regulations by Aleks Kajstura, October 5, 2016.Ĭonsumer Financial Protection Bureau’s new regulations increase protections for people released from prison and jail, who are often forced to use release cards.We urge the CFPB to keep release cards in mind when revising regulations so they don't unintentionally undermine their own reforms. CFPB housekeeping risks release card protections by Stephen Raher, August 15, 2017.Our sample legislation bans release card fees and requires that incarcerated people be given the option to have their funds returned by cash or check. Proposed Amendments to Regulation E: Curb the exploitation of people released from custody (PDF).We've also drafted model legislation that states can use to regulate release cards and protect consumers. We published a report on exploitative release cards and submitted it as a comment to the Consumer Financial Protection Bureau, urging the Bureau to regulate this industry. Now a growing number of prisons and jails are issuing pre-paid debit cards that eat up the meager balances with high fees. Until recently, when a facility wanted to return money to someone upon release - money that was in that person’s possession when arrested, money earned working in the facility, or money sent by friends and relatives - the facility would give cash or write a check.
All too often, prisons and jails partner with private companies to charge people released from custody for the privilege of accessing their own money.