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Crackdown on Meta Bank Casts a Shadow on NetSpend’s IPO

Crackdown on Meta Bank Casts a Shadow on NetSpend’s IPO

Federal banking regulators this thirty days cracked straight straight down on MetaBank, a significant card that is prepaid, an action that tossed into concern the pending initial general general public providing of prepaid credit card system manager NetSpend Corp.

Austin, Texas-based NetSpend is planned to expense its long-planned IPO on Thursday, in accordance with reports from the economic cables.