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Crackdown on MetaBank Casts a Shadow on NetSpend’s IPO Federal banking regulators this thirty days cracked straight down on MetaBank, an important prepaid credit card issuer, an action that tossed into concern the pending initial general public offering of prepaid credit card system supervisor NetSpend Corp. Austin, Texas-based NetSpend is planned to rate its long-planned IPO on Thursday, based on reports in the monetary cables. But its close ties to MetaBank caused rounds of conjecture about if the IPO will in truth take place. A NetSpend spokesperson claims he can’t comment. On Tuesday, MetaBank’s moms and dad business, Storm Lake, Iowa-based Meta Financial ...