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Crackdown on MetaBank Casts a Shadow on NetSpend’s IPO

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

Austin, Texas-based NetSpend is planned to expense its long-planned IPO on Thursday, in accordance with reports in the economic cables. But its close ties to MetaBank caused rounds of conjecture about perhaps the IPO will in truth take place.