Bankrate Releases Prepaid Card Study

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Bankrate just released a study comparing prepaid card fees. Bankrate surveyed a total of 31 prepaid cards for the study. Interestingly, they didn’t include some top cards, such as Kaiku. But first, here are the findings from the Bankrate study: Monthly Service Fees 26% of the cards have no monthly fee, up from 17% last [...]

CFPB Releases New Prepaid Card Disclosures

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The Consumer Finance Protection Bureau released proposed disclosure guidelines for prepaid cards.  Back in March the CFPB asked for comments on proposed disclosures.  At the time, the agency noted that currently “each prepaid card company’s retail package discloses different information, which makes it difficult to do side-by-side comparisons.” It’s a challenge we faced as we [...]