Thursday, May 19, 2011

UPDATE 2-Florida AG says investigating 5 prepaid debit card cos

* Subpoenas also issued for possible hidden fees on prepaid debit cards

* Cos issues subpoenas must provide requested information by June 20

* NetSpend, Green Dot shares close in the red (Adds details in para 4, 5, background in para 6-7, 9-12; analyst comment in para 8)

By Brenton Cordeiro

May 19 (Reuters) - The Florida Attorney General's office said it was investigating prepaid debit card companies -- First Data Corp, Green Dot Corp , Account Now Inc, NetSpend Corp and Unirush Financial Services LLC -- for possible deceptive and unfair practices.

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Prepaid Credit Cards
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