Shares of Meta Financial Group Inc. CASH are falling sharply in pre-market, losing 6.3% in pre-market, on news that regulators have stopped it from entering into contracts.
The Office Of Thrift Supervision has temporarily blocked a unit, named MetaBank, from entering into contracts, of which include adding new banks for selling cards through its Simplexes program.
Shares have fallen sharply since last week, when the OTS blocked the company from issuing payday loans to customers.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in