Focus Group Findings on Prepaid Debit Cards
This fact sheet focuses on the lessons learned from consumers who purchase and use prepaid debit cards.
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''Bank Fees Are a Credit Union's Best Friend''
"Something is wrong when keeping cash in the kitchen cookie jar seems a reasonable substitute for your bank.''
More info''Consumer 10.0: How the Pew Trusts aided credit card reform''
"It was early 2007, and Michael Roster and Dwane Krumme each viewed the credit card industry with growing dismay."
More info''Tight Times Boost Business Credit Cards''
''More small companies—already struggling with weak sales and tight lending—are being forced to rely on business credit cards to provide working capital.''
More info''Consumers Hold High Hopes for New Bureau''
''If you've ever thought someone was playing fast and lose with the rules on your credit cards, credit score or mortgage, but you had no idea where to go with your complaint, you now have a place to turn.''
More info''Senators Seek More Disclosure For Business Credit Cards''
"Four Senators today called for more disclosure on business credit card offers so cardholders will understand that business cards are not protected by the same laws as regular consumer cards that bar practices like retroactive interest rate hikes."
More info''Business Credit Cards Provide Few Safeguards''
''Households receiving offers for 'business' credit cards would be wise to throw them away, a nonprofit research group is warning consumers.''
More info''Credit CARD Act Turns Two: Are Consumers Better Off?''
"It’s been two years since the landmark Credit Card Accountability Responsibility and Disclosure Act of 2009 was signed into law, and by all accounts, it’s led to some pretty significant changes in the giant industry grinding away behind those little pieces of plastic."
More info''Should You Sign Up for a 'Professional' Card?''
"Credit-card issuers are marketing so-called professional cards—formerly reserved for small-business owners or executives—to individuals, a new report says."
More info''Consumers must watch for unregulated credit cards''
"The sudden interest-rate hikes, high fees and steep penalties that last year's credit card regulations were designed to eliminate are still lurking in one segment of the credit card market: cards designated for businesses."
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