It’s getting harder and harder for prepaid card issuers to be sneaky about their fees. Earlier this year the Pew Charitable Trusts issued a report detailing the lack of uniformity when it comes to prepaid fee disclosures and proposed a model disclosure box to make it easy for consumers to compare the fees associated with… Continue reading Visa Attacks Prepaid Fee Confusion
Tag: center for financial services innovation
JPMorgan Launches Financial Solutions Lab
American Express just got a little competition in its efforts to appeal to those living outside the financial mainstream. On May 29th, banking giant JPMorgan Chase & Co. announced that it has committed to invest $30 million to create the Financial Solutions Lab. A collaboration with the Center for Financial Services Innovation, the new Financial… Continue reading JPMorgan Launches Financial Solutions Lab
Nine Tips for Avoiding Fees on Prepaid Cards
Fees are inevitable with prepaid debit cards. But there’s much you can do to keep them low. By Lucy Lazarony To get the most value out of a prepaid debit card, you’ll want to avoid and minimize all the fees that you possibly can. “You want to understand the fee structure of the card,” says… Continue reading Nine Tips for Avoiding Fees on Prepaid Cards