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ADVISORY: Experts to Discuss Impacts of March Deadline to Issue Federal Benefits with Pre-paid Cards

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Contact: Madeline Meth
Phone: 202.741.6277
Email: mmeth@americanprogress.org

March 1, 2013, 12:00pm ET – 1:30pm ET

Washington, DC—In anticipation of the March 2013 deadline when nearly all federal payments, including Social Security, will be made electronically, the Center for American Progress will host a panel discussion on the impact this shift will have on low income Americans. Beginning March 1, 2013, instead of paper checks, most recipients without bank accounts and direct deposit will receive their benefits on a government-issued prepaid card—a change that has the potential to impact individuals’ financial security.

The panel of experts will address why prepaid cards becoming so popular, what potential these cards have to build financial stability as an alternative to bank accounts, and what the dangers are associated with the growing trend of government-issued prepaid cards.  The experts will also discuss whether prepaid cards and bank accounts should have common regulations to protect consumers.

WHO:

Featured panelists:
Melissa Koide, Deputy Assistant Secretary for Consumer Policy, U.S. Department of Treasury
Jeanne Hogarth, Vice President of Policy, Center for Financial Services Innovation
David Rothstein, Policy Director, Policy Matters Ohio

Moderated by:
Joe Valenti, Director of Asset Building, Center for American Progress

WHEN:

 March 1, 2013
12:00pm ET – 1:30pm ET
A light lunch will be served at 11:30 a.m.

WHERE:

Center for American Progress
1333 H St. NW, 10th Floor
Washington, DC20005

RSVP

RSVP for this event →
For more information, please contact Madeline Meth at mmeth@americanprogress.org or 202.741.6277.

 

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To speak with our experts on this topic, please contact:

Print: Allison Preiss (economy, education, poverty)
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Print: Chelsea Kiene (women's issues, Legal Progress, Half in Ten Education Fund)
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Spanish-language and ethnic media: Tanya Arditi (immigration, race and ethnicity)
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TV: Rachel Rosen
202.483.2675 or rrosen@americanprogress.org

Radio: Chelsea Kiene
202.478.5328 or ckiene@americanprogress.org