Market Overview

A Little Less CASH Today (CASH)

Shares of Meta Financial Group Inc. (NASDAQ: 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.

Posted-In: Pre-Market Outlook Movers

 

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