Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
Expert CUs prepaid cards better than Wal-Marts
NEW YORK (2/23/09)--An article on a popular AOL website urges consumers to avoid Wal-Mart's "lower-fee" prepaid debit card and check out the cards at credit unions first. The article, written by Zac Bissonnette for on Wallet Pop (Feb. 18), points out that Wal-Mart is slashing the fees on its reloadable pre-paid debit cards. However, consumer advocate Remar Sutton, a former Credit Union Magazine columnist on auto lending and author of Don't Get Taken Every Time, noted that while using the Wal-Mart card is better than check cashing "rip off rates, consumers are still paying a monthly fee to use the card, plus other fees. "Get a free checking account and a free debit card at a credit union before locking yourself into the Wal-Mart card," Sutton told Wallet Pop. "These days, virtually anybody can join a credit union, and virtually all credit unions offer free checking and debit cards."
Other Resources

RSS print
News Now LiveWire
Economic activity slowed in June, according to the #Chicago Fed's national activity index, released today #Market http://t.co/1pN6peM8my
10 hours ago
Money burns a hole in workers' pockets after payday, despite best intentions via @WSJeconomy http://t.co/A9SNiUdf9v
10 hours ago
"SAR Stats," new from #FinCEN, focuses on #bitcoin. See #NewsNow http://t.co/vS7iTwY2SW
11 hours ago
.@CFPB now accepts consumer complaints on prepaid cards, debt settlement services, credit repair services, and pawn and title loans.
12 hours ago
.@WellsFargo to process transactions in order received, not high to low http://t.co/g0jWJoegoJ
13 hours ago