(Reuters) - prepaid debit card companies Netspend Holdings Inc (NTSP.O) the price for its IPO delayed until next week, an underwriter said on Thursday.
Netspend delayed pricing, which was originally scheduled for Thursday, the morning after reporting that a legal action against its bank partners would have no significant impact on their business.
The U.S. Office of Thrift Supervision blocked Meta Financial Group (CASH.O), the 71 percent of prepaid debit cards Netspend questions of what short-term high-interest payday loans to customers who already have their prepaid cards, including those sold in Netspend.
Netspend, the prepaid debit cards sold to low-income people, also has a 5 percent stake in Meta.
In a late application for approval on Wednesday, said Netspend not expect that the demolition of payday loans meta-program to "have a material impact on our financial position or operating results."
Meta expected to be in a position to continue the existing partners, including Netspend after submission.
But if it does, can move Netspend to 71 percent of his cards to another bank partner, the company said in the filing. "We may not be able to get a replacement bank on terms that are acceptable to us or at all," it added.
A spokesman Netspend not immediately respond to requests for comment. The company executives planned a call for potential investors later on Thursday morning, according to an e-mail obtained by Reuters earlier in the day.
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