With the convenience and flexibility of prepaid cards, it makes sense they’re becoming increasingly popular among financial institutions (FIs) and consumers. According to a recent Mercator Advisory Group report, open-loop prepaid cards – or general-purpose reloadable cards – will have a compound average annual growth rate of 7 percent through 2018, eventually totaling $343 billion in loads. As growth rates for prepaid cards continue to increase, it’s important to remember these are only projected numbers. Upcoming changes from the CFPB, and the outcome of the pending presidential election, could have a big impact on the prepaid card industry. According to Ben Jackson, director of Mercator’s Prepaid Advisory Service, when the new CFPB rules are released, which could be at any time, “The prepaid card industry may completely change, or, if the CFPB relents some, it may continue on close to its current growth model.” Source.