February 1, 2012
With the release of her new prepaid debit card, Suze Orman has been hogging the limelight. While reviews of her “Approved Card” have been overwhelmingly scathing, Orman has, in all fairness, launched one of the cheapest celebrity-endorsed cards to date (not saying much). But Russell Simmons isn’t going to let his famed “RushCard” play second [...]
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January 31, 2012
There’s something wrong with prepaid debit cards. More so than any other financial product we’ve covered, prepaid cards rely on obfuscation and an anything-goes approach to disclosures. But the tried-and-tested credit card disclosure method won’t work as well with prepaid: a simple list of each card’s fees leaves a consumer wondering which fees are relevant, [...]
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