Joe Valenti: First prepaid cards, then the rest of your wallet

  The U.S. Congress has wasted no time rolling back Obama-era regulations affecting health, safety, and the environment, and Americans’ wallets may be next.

  Congress is expected to soon attempt a rollback of a new Consumer Financial Protection Bureau, or CFPB, rule on prepaid debit cards used by millions of Americans. Through a once-obscure law known as the Congressional Review Act, the U.S. House of Representatives and Senate can quickly vote to undo rules put in place by federal agencies and even block regulators from considering new ones.