Urban Trust Bank attracts scrutiny from regulators for prepaid debit cards criticized by customer teams

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Federal regulators have actually purchased A central that is fast-growing florida to correct oversight difficulties with its prepaid debit-card company, that is operated by way of a payday-loan business and has now been criticized by customer teams as a kind of “predatory” financing. In an in depth, 15-page contract made general public final thirty days, regulators said Lake Mary-based Urban …