The Consumer Financial Protection Bureau is seeking comments on the fees associated with debit cards and currently debit release cards are not covered by CFPB regulations.
Many people are aware of the relatively recent practice of prisons and jails giving prisoners debit cards when they are released which have their funds on them and which incur high fees to access their own funds.
The Human Rights Defense Center (HRDC) has launched a campaign, Stop Prison Profiteering, to eliminate the practice of financially exploiting prisoners and their families.
The Consumer Financial Protection Bureau is seeking comments on the fees associated with debit cards and currently debit release cards are not covered by CFPB regulations. HRDC is submitting the attached comment urging the CFPB to regulate these debit release cards by prohibiting the fees associated with them and giving prisoners the ability to opt out of these debit cards when they are released from prisons or jails.