Green Dot’s Founder, Chairman and Chief Executive Officer
Green Dot believes that its business will not be materially impacted by the CFPB's newly proposed rules. Furthermore, Green Dot fully supports the proposed rules that mandate "Regulation E" consumer protections for lost or stolen funds and disputed transactions, including the providing of provisional credits to consumers, and the CFPB's proposed rulemaking dealing with the new framework for overdraft programs attached to prepaid cards.
Forward-Looking Statements
This announcement contains forward-looking statements, which are subject
to the safe harbor provisions of the Private Securities Litigation
Reform Act of 1995. These statements include, among other things,
statements regarding the impact of recently proposed regulations. Actual
results may differ materially from those contained in the
forward-looking statements contained in this announcement. The potential
risks and uncertainties that could cause actual results to differ from
those projected include, among other things, recently proposed
regulations may be modified prior to adoption, the Company's ability to
operate in a highly regulated environment, other changes to existing
laws or regulations affecting the Company's operating methods or
economics, and the Company's involvement litigation or investigations.
These and other risks are discussed in greater detail in the Company's
About
Source:
Investor Relations:
Green Dot Corporation
Christopher Mammone,
626-765-2427
IR@greendot.com
or
Media
Relations:
ICR for Green Dot Corporation
Brian Ruby,
203-682-8268
PR@greendot.com