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: Pew Charitable Trusts
Are Prepaid Cards Making Checking Accounts Obsolete?
If you grew up in the 1970s, 80s or even 90s, you’ll remember how hard it could be to have a private phone call. Plenty of households had just one phone with a cord, which made it nearly impossible to avoid eavesdropping siblings and parents. Of course, we all know what happened to landlines when… Continue reading Are Prepaid Cards Making Checking Accounts Obsolete?
Bankrate Surveys Prepaid Cards
One indication of the mainstreaming of prepaid debit cards is the amount of attention these once fringe financial products are attracting from the media. The most recent example of that is an in-depth survey of the fee structures of 30 prepaid cards by Bankrate.com, a leading personal finance website. Released on April 7th, Bankrate’s analysis… Continue reading Bankrate Surveys Prepaid Cards