Dedicated to Deposits: Deals, Data, and Discussion
Featured Savings Rates
Featured Accounts
Back to Comments and Questions

Americans Loading Up On Prepaid Cards, But Risks Are Real

Monday, February 10, 2014 - 7:45 PM
“More consumers are turning to prepaid cards as a convenient tool to control spending and fees,” says Susan Weinstock, director of Pew’s safe checking research division. “While prepaid cards offer many benefits to consumers, they are a relatively new product with little oversight. A lack of protections undermines prepaid cards as a safe and easy way to manage money.”

http://www.bankingmyway.com/credi...-but-ris..
4
ShorebreakShorebreak2,371 posts since
Apr 6, 2010
Rep Points: 12,629
1. Tuesday, February 11, 2014 - 6:46 AM
They still have no idea how Prepaid Cards are/can be used (for significant profits), don't they? :D
1
51hh51hh1,461 posts since
Jan 16, 2010
Rep Points: 6,351
Reply