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Historic health care bill nears key Senate vote- In a show of unity, Senate Democrats sealed a 60-vote majority needed to advance health care legislation Saturday ahead of an evening showdown with Republicans eager to doom the bill and inflict a punishing defeat on President Barack Obama.
Restored machine to explore mysteries of Big Bang- Scientists are preparing the world's largest atom smasher to explore the depths of matter after successfully restarting the $10 billion machine following more than a year of repairs.
More Americans expected to travel for Thanksgiving- The number of Americans traveling away from home for Thanksgiving will be up only slightly this year from 2008, according to a report from the AAA auto club.
- Computer hackers have broken into a server at a well-respected climate change research center in Britain and posted hundreds of private e-mails and documents online - stoking debate over whether some scientists have overstated the case for man-made climate change.
A bad month in Afghanistan rippled across the US- Every afternoon, seven days a week, Ed Epley has a 5 p.m. appointment with the war.
- Berry Gordy founded what would become Motown Records a half-century ago with an $800 loan. Today, that would get you two tickets with a bit to spare to the Motown 50 Golden Gala.
Forcier's 5 TOs help No. 9 OSU beat Michigan 21-10- Tate Forcier threw four interceptions and fumbled in his end zone, and No. 9 Ohio State took advantage to beat Michigan 21-10 Saturday for its sixth straight win in the series.
NBPCA Statement on Introduction of the Restoring American Financial Stability Act of 2009
MONTVALE, N.J.
(Map)
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"The Network Branded Prepaid Card Association appreciates the efforts of Chairman Dodd and the Senate Banking Committee to better protect consumer interests. The NBPCA and its members are committed to working with them as this process goes forward. It is absolutely critical that any new regulations not limit access to unique financial products such as prepaid cards, which have become a key tool of financial inclusion for the millions of unbanked and underbanked U.S. consumers who rely on them.
"Specifically, the Consumer Financial Protection Agency proposed under the Act includes deposit-taking language that may lead to the elimination prepaid cards at retail locations. Currently, there are approximately 200,000 non-bank locations across the United States where consumers can either purchase a prepaid card or load funds to the card. This would dramatically decrease, if not eliminate, access to these important products for consumers that need them most, throwing up a new and unnecessary roadblock to the financial mainstream.
"We look forward to working with Congress to ensure regulatory changes are weighed against their economic impact and aligned with the way consumers use the product. Without that balanced view, well-intentioned policy changes could set back progress for financial access and responsibility through the use of prepaid cards."
About the NBPCA
The Network Branded Prepaid Card Association (NBPCA) is a non-profit, inter-industry trade association that supports the growth and success of network branded prepaid debit cards and represents the common interests of the many players in this new and rapidly growing payments category. For additional information, visit www.NBPCA.com.
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