Today, the Consumer Financial Protection Bureau (CFPB) released a report raising new concerns about costly fees and risky features often related to certain college-sponsored accounts. The Bureau’s analysis of roughly 500 marketing deals between these schools and large banks found that many deals allow for risky features that can lead students to rack up hundreds […]

Understanding Pre-Paid Cards Many people don’t realize that pre-paid cards and credit cards are not the same thing, although a pre-paid card may have a card network logo (like Visa, MasterCard, Discover, etc.) on it, this card is different from a credit card. When you use a prepaid debit card to make a purchase you […]

According to Forbes, In 2012, $34 billion dollars were loaded on 4.6 million payroll cards. By 2017, Forbes projects that  this number will increase to $68.9 billion dollars. Payroll cards are a recent phenomenon increasingly utilized by companies both big and small alike. Payroll cards are an alternative to an employee receiving their salary or wages […]

Did you know? 21% more people are using prepaid credit cards each year?  It’s true.  They are rapidly becoming one of the most popular alternatives to bank accounts and traditional credit cards.    Why?             Bank accounts and traditional credit cards are becoming harder and more expensive to obtain.  They’re also popular items for parents […]