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NAFCU has asked that NCUA stop using material from consumer advocate  Suze Orman after Orman launched a prepaid debit card program that has the potential to hurt credit unions.

“Ms. Orman recently launched a prepaid debit card product,” the association wrote in its Jan. 18 letter.  “Ms. Orman has also encouraged consumers who are underwater in their homes to walk-away from their mortgage commitments. Given the foregoing, NAFCU believes it is necessary for the agency to carefully re-examine its use of promotional material featuring Ms. Orman,” the association added.

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