A new prepaid debit card helps keep rehabbing addicts from making purchases at places that could endanger their recovery.
These products are not covered by laws requiring disclosure of fees and terms.
Higher One agrees to pay $11 million restitution to students to resolve government allegations of wrongful debit card account practices.
Vacations can be a trying time for debit-card users. Here are tips from bankers on how to avoid fraud …
In just one quarter, banks have seen revenue fall more than $1 billion thanks to the Durbin amendment.
I’ve been writing a lot about prepaid debit cards recently, much of it critical, echoing some of the same issues many in the financial press have with prepaid cards, including relatively high fees, limited features and a lack of meaningful savings accounts. But I do believe prepaid cards represent both an increasingly popular alternative to
Suze Orman is taking considerable flack over the prepaid debit card she introduced this week. Phillip Taylor of PT Money in particular took exception to Orman’s idea that the card should be a permanent replacement for a checking account, insisting a checking account at a responsible bank or credit union is always a better choice.
Fresh off of months of bad news on banking regulations and a failed push for debit card fees, it looks like one revenue stream for banks remains intact: fees stemming from prepaid debit cards loaded with citizens’ unemployment benefits. From Janell Ross at the Huffington Post: Shawana Busby does not seem like the sort of
There’s been a meme bouncing around the Web that new debit card fees riling up bank customers are a sign that big banks are trying to kill debit cards. I’ve seen that argument being made by a number of writers, including Maria Aspan of American Banker and more recently by Herb Weisbaum of MSNBC. Here’s
I’ve gotten a lot of feedback on Friday’s post on BofA’s plan to introduce $5 debit card fees, most of it very critical of banks. This example, by a reader posting as Kevin, seems to sum up the feelings of a lot of Americans right now, who’ve not only seen their tax dollars used to