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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 straight down on MetaBank, an important prepaid credit card issuer, an action that tossed into concern the pending initial general general public providing of prepaid credit card system supervisor NetSpend Corp.

Austin, Texas-based NetSpend is planned to rate its long-planned IPO on Thursday, in accordance with reports in the economic cables. But its ties that are close MetaBank caused rounds of conjecture about whether or not the IPO will in truth take place.