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Prepaid Debit Cards

Are Prepaid Debit Cards the Next Big Target of the Consumer Financial Protection Bureau?

Curtis Arnold | Posted 08.14.2014 | Money
Curtis Arnold

Although the market for prepaid debit cards has been steadily expanding and attracting big name financial players like American Express, consumer advocates have expressed concern about a lack of regulatory oversight.

Suze Orman Nixes Her Prepaid Debit Card; It Appears Her Dream of Helping Millions to Establish and Build Credit Is Dead

Curtis Arnold | Posted 06.23.2014 | Business
Curtis Arnold

Despite the closure of the Approved card, Orman deserves to be commended for her noble attempt to make positive changes to the credit reporting system.

Is Targeting the Unbanked Trendy Now Among Big Banks? Chase Pledges $30 MM to Help the Unbanked Build Credit and Assets

Curtis Arnold | Posted 08.18.2014 | Money
Curtis Arnold

While it may seem that this initiative is altruistic in nature, there is little doubt that the unbanked and underbanked represent a large and potentially lucrative market.

Are Brick and Mortar Banks and Checking Accounts Dying Due to Digital Wallets, Prepaid Debit Cards, Etc.?

Curtis Arnold | Posted 07.30.2014 | Business
Curtis Arnold

North American banks that don't clue in that their competitors now include companies like PayPal, T-Mobile and even the US Postal Service could be fac...

Prepaid Debit Cards 101

Curtis Arnold | Posted 07.16.2014 | College
Curtis Arnold

It is true that the economic downturn of the past few years has damaged people's credit and made it impossible for many to obtain a traditional checking account or credit card.

Prepaid Debit Cards: Are They Right For You?

Eric Adamowsky | Posted 01.23.2014 | Business
Eric Adamowsky

Just because Russell Simmons, Magic Johnson, Justin Bieber and a host of other celebrities are endorsing prepaid debit cards, it doesn't mean they are right -- or wrong -- for you. Here's how to work through the decision.

21st Century Bank Heist

AP | Posted 05.10.2013 | Technology

NEW YORK — A gang of cyber-criminals stole $45 million in a matter of hours by hacking their way into a database of prepaid debit cards and then fan...

Beiber (Card) Fever: The Pros and Cons of Prepaid Cards

Bethy Hardeman | Posted 04.02.2013 | Business
Bethy Hardeman

Even so, is a prepaid card right for everyone? Probably not. But if you're thinking about getting one, make sure you know the ins and outs first.

Common 'Cents': Money Tips for the Working Poor -- Avoid Financial Traps

Ryan Mack | Posted 03.24.2013 | Business
Ryan Mack

If you saw a check cashing store, a corner store loaded with pre-debit cards for sale, a Rent-A-Center and a payday loan facility, would you think you were in Beverly Hills? Of course not! The answer lies in the basic premise of capitalism -- go where you can "capitalize" on opportunity.

Walmart's Latest Move

AP | Posted 10.08.2012 | Money

BENTONVILLE, Ark. — Wal-Mart Stores and American Express are teaming up on a reloadable prepaid card for shoppers. The two companies said Monday ...

Prepaids Aren't Just For The Poor...

SmartMoney | CHARLES PASSY | Posted 08.22.2012 | Money

SmartMoney: Is the prepaid debit card moving upmarket? In recent months, major financial institutions such as American Express and J.P. Morgan C...

4 Steps to Make Prepaid Cards Better

Credit.com | Posted 08.01.2012 | Money
Credit.com

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 Prepaid Debit Card Comes of Age

Curtis Arnold | Posted 07.02.2012 | Money
Curtis Arnold

Debit cards have also sprouted in the wallets of young Americans. Unable to get credit cards until age 21, more Generation Y consumers rely on debit cards for routine money management.

Credit Card Companies Return To College Campuses

The Huffington Post | Bonnie Kavoussi | Posted 04.19.2012 | Money

Credit card companies are finding ways around new regulations that restrict how they can market their cards to college students. A number of lende...

Catherine New

Shut Out From Traditional Banks, More Americans Turn To Prepaid Cards: Study

HuffingtonPost.com | Catherine New | Posted 04.11.2012 | Money

Increasingly shut out of traditional bank accounts, more Americans are turning to prepaid debit cards often notorious for their high fees. Prepaid ...

Wouldn't It Be Nice If They Disclosed Fees Before Taking Your Money?

AP | DANIEL WAGNER | Posted 05.13.2012 | Money

WASHINGTON — Three major issuers of prepaid debit cards said Tuesday they will test a new fee-disclosure box designed to help people understand ...

Janell Ross

In South Carolina Some Tax Refunds Will Be Shared With A Big Bank

HuffingtonPost.com | Janell Ross | Posted 02.28.2012 | Business

This year South Carolina income tax refunds will arrive on prepaid debit cards unless taxpayers specifically opt for a check or direct deposit. The...

This Card Will Charge You Less To Spend Your Own Money

Emily Cohn | Posted 02.14.2012 | Business

Paying for access to your own money might not sound like a popular concept, but the growth of the prepaid debit card market seems to prove this assump...

Janell Ross

Cashing In On Poverty: Banks Harvest Fees On Unemployment Benefits

HuffingtonPost.com | Janell Ross | Posted 01.01.2012 | Business

Out of work and living on a $189-a-week unemployment check, Rob Linville needs to watch every penny. Lately, he has been watching too many pennies dis...

Prepaid Cards As A Learning Tool

Jeanne Kelly | Posted 10.05.2011 | Parents
Jeanne Kelly

If you want to start taking baby steps in teaching healthy money use, you can always start with a prepaid card. These cards do not go on your credit report; they cannot go over a limit.

Arthur Delaney

States Shortchange The Unemployed With Junk Debit Card Fees

HuffingtonPost.com | Arthur Delaney | Posted 07.11.2011 | Business

WASHINGTON -- Many states shortchange the jobless by distributing unemployment benefits on debit cards loaded with obnoxious fees, according to a new ...

Building Credit with Cards

Tim Chen | Posted 05.25.2011 | Business
Tim Chen

No matter what your feelings are about credit cards or on the card industry as a whole, the fact is that Americans live off of credit. Our houses and...

Prepaid Debit Cards

nytimes.com | ANDREW MARTIN | Posted 05.25.2011 | Business

For many people who do not have bank accounts, or cannot get a credit card, the appeal is irresistible, making the reloadable cards among the consumer...