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0 0 0 0 0.00437636761487956 0.00699124726477027 0.00793216630196934 -0.0136761487964989
Stock impact report

MetaBank® Serves as Agent for Distributing Prepaid Debit Cards as part of Economic Impact Program

Pathward Financial, Inc. (CASH) 
Last pathward financial, inc. earnings: 4/22 04:15 pm Check Earnings Report
US:NASDAQ Investor Relations: metafinancialgroup.com/investor-overview
Company Research Source: GlobeNewswire
SIOUX FALLS, S.D., Jan. 04, 2021 (GLOBE NEWSWIRE) -- Meta Financial Group, Inc.® (Nasdaq: CASH) (the “Company”) today announced that MetaBank® (“MetaBank” or the “Bank”), a wholly-owned subsidiary of the Company, has again been asked to disburse Economic Impact Payments (“EIP”) funds through the distribution of prepaid debit cards, a program authorized by the U.S. Congress through the Consolidated Appropriations Act of 2021 (“CAA”). Earlier this year, the Bank dispensed $6.4 billion of the first round of EIP payments under the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”) through the distribution of 3.6 million Bank-issued prepaid cards. Aligned with the Company’s mission of enabling financial inclusion, the Bank expects that it will disburse approximately $7 billion of EIP payments in the second round, with initial payments beginning after January 4, 2021. Enhanced consumer education relating to this disbursement will be available to consumers at eipcard.com. W Show less Read more
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