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Crackdown on MetaBank Casts a Shadow on NetSpend’s IPO

Crackdown on MetaBank Casts a Shadow on NetSpend’s IPO

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

Austin, Texas-based NetSpend is planned to expense its long-planned IPO on Thursday, based on reports from the economic cables. But its close ties to online payday loans Iowa MetaBank caused rounds of conjecture about whether or not the IPO will in truth take place.

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