Prepaid cards are everywhere. Here's what I suggest to steady the ship without making things worse for the consumers who really have no other option:
The Huffington Post | Catherine New | Posted 05.23.2012
Prepaid cards are everywhere these days, quickly replacing cash and checks as the fastest way to transfer money. If you're not familiar with them, the...
HuffingtonPost.com | Catherine New | Posted 05.23.2012
The government's top consumer sheriff wants to rein in the Wild West of prepaid cards, even as some of the biggest players in the financial industry m...
The Huffington Post | Catherine New | Posted 05.21.2012
Free checking at Wells Fargo is officially over. Effective August 7, all Essential Checking customers will pay a $7 monthly service fee. Until rec...
Dory Rand | Posted 04.26.2012
Imagine Gail, a 30-year-old mother of two school-age children. Gail is on ChexSystems and has a low credit score as the result of actions taken by an ...
The Huffington Post | Catherine New | Posted 04.26.2012
Citizens Bank is the latest bank to settle in a massive class action lawsuit over dodgy overdraft fee practices. On Wednesday, the midsize New England...
The Huffington Post | Bonnie Kavoussi | Posted 04.19.2012
Credit card companies are finding ways around new regulations that restrict how they can market their cards to college students. A number of lende...
HuffingtonPost.com | Catherine New | Posted 04.11.2012
The police car was only 30 minutes away, the caller told Brenda Foster, 46. If she wanted to prevent her own arrest, she better cough up $300, ASAP, h...
HuffingtonPost.com | Catherine New | Posted 04.11.2012
Increasingly shut out of traditional bank accounts, more Americans are turning to prepaid debit cards often notorious for their high fees. Prepaid ...
Patrice Peyret | Posted 05.26.2012
It's tax-filing season, and the fastest-growing way to receive tax refunds is on prepaid cards. So it is a great time to review how prepaid card vendors can do a better job explaining how the cards work and what the true costs are.
The Huffington Post | Catherine New | Posted 03.26.2012
It's the prepaid card with training wheels. In a move that differentiates American Express from other prepaid debit cards on the market, the compa...
AP | DANIEL WAGNER | Posted 05.13.2012
WASHINGTON — Three major issuers of prepaid debit cards said Tuesday they will test a new fee-disclosure box designed to help people understand ...
Jonathan B. Mintz | Posted 04.30.2012
More than $140 billion moves through prepaid debit cards every year in this country. Given the wide range of these products, consumers and regulators must find ways to navigate what really matters.
HuffingtonPost.com | Catherine New | Posted 01.10.2012
If personal finance megastar Suze Orman built the perfect way to use money, what would it look like? On Monday consumers found out. Her new Approved c...
Odysseas Papadimitriou | Posted 02.25.2012
The credit industry affects all facets of personal finance and being ahead of the curve when it comes to credit issues could certainly help you save money and thereby lower stress. At the very least, you might learn something new!
HuffingtonPost.com | Janell Ross | Posted 12.01.2011
When Derrick Johnson visits the ATM in his Florida town to tap his jobless benefits, he regularly pays fees to the companies that administer the state...
HuffingtonPost.com | Catherine New | Posted 11.29.2011
In the latest signal that the economic crisis has fundamentally changed the way Americans handle their money, the largest provider of prepaid debit ca...
Jason Alderman | Posted 12.05.2011
Bottom line: Always make sure you fully understand the terms and conditions of any financial product or account before signing up.
Odysseas Papadimitriou | Posted 11.16.2011
While you may still be happy with your checking account and may not have incurred additional fees as result of the Durbin Amendment, it's still important to be aware of major industry trends such as these.
Len Hollie | Posted 11.06.2011
In August, the Federal Reserve imposed a cap on the fees banks can charge retailers every time customers swipe their debit cards. Why is that important? In addition to banks, consumers may be the biggest losers.
Patrice Peyret | Posted 08.30.2011
The Federal Reserve today issued the final rules on the Durbin Amendment, and it's an ultimate win for retailers, although I predict some battles to c...
AP | By FRANK BAJAK | Posted 07.23.2011
BOGOTA, Colombia -- Forget bulk cash. Heavy and hard to hide, it's simply not the most convenient cross-border conveyance for a 21st-century money lau...
Patrice Peyret | Posted 05.25.2011
People adopting online financial services are ahead of the curve. And people adopting newer, alternative services are true early adopters.
Tim Chen | Posted 05.25.2011
A lot of folks are using prepaid cards these days as a payment method. The Federal Reserve estimates that a full 17% of Americans are using them. This...
Jason Alderman | Posted 05.25.2011
Chances are you got more gift cards in your stocking than in the past. Final 2010 holiday gift card sales numbers aren't in yet, but the National Retail Federation expected a 4 percent increase in 2010 over 2009.
Credit.com | Posted 06.01.2012