Cash loan and Payday Advances in Baltimore, MD. NetSpend stock offering delayed Austin-based NetSpend Holdings Inc. has postponed its $200 million-plus initial stock offering due to regulatory dilemmas concerning the main provider of this prepaid debit cards NetSpend areas. NetSpend have been likely to amount the providing Thursday and begin offering stocks to the general public this early early morning. Analysts had stated the providing could be well-received due to NetSpends position within the fast-growing marketplace for prepaid debit cards, by which it really is a provider that is leading. However the providing happens to be postponed until in a few days, in accordance with IPOhome.com, which tracks the marketplace for initial offerings, therefore the Wall Street Journal. NetSpend would not get back demands remark. A key supplier, had been ordered by federal regulators Wednesday to halt a payday loan program and seek advance approval for any new or amended third-party agreements, including for prepaid cards in a securities filing Thursday, NetSpend said that MetaBank. Any office of Thrift Supervision stated MetaBank had utilized misleading techniques into the loan program that is payday. MetaBank, located in Storm Lake, Iowa, provides 71 % of this prepaid cards that NetSpend distributes nationwide through grocery, check-cashing shops as well as other outlets. NetSpend has about 2.1 million active cards nationwide. NetSpend said MetaBanks problems wont affect its operations or funds, however it stated that future actions that are regulatory MetaBank could force it to get another card provider. The increasing loss of, or switch to, our relationships with MetaBank or our other issuing banking institutions could adversely influence our company, link between operations and position that is financial the filing stated.