Wednesday, April 7, 2010 as of 11:14 AM ET
Consumer Reports is an American magazine published monthly by Consumers Union since 1936. It publishes reviews and comparisons of consumer products and services based on reporting and results from its in-house testing laboratory.
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Reloadable prepaid payment cards may soon have the same safeguards against fraud, hidden fees and losses that currently protect debit card users from abuses.
The federal Consumer Financial Protection Bureau (CFPB) today announced it will begin accepting public comments on potential new consumer protections for reloadable prepaid cards . It's the first step in drafting federal rules to regulate the increasingly popular cards, which allow users to load funds onto them and make online and in-store purchases just as they would with a debit card or credit card. When available funds are depleted, the cards can be reloaded again.Consumer groups have long warned that prepaid cards are chock-full of fees and carry no mandatory protections if cards are lost, stolen or used by unauthorized parties. To make matters worse, many celebrities -- the Kardashian sisters and money adviser Suze Orman , most recently -- have lent their names to prepaid cards to lure potential buyers only to draw fire from ...
Consumer Reports ’ David Champion on the savings on fuel and maintenance for hybrid and electric cars compared with the higher initial costs.
Dear Dave,I want to keep one of our credit cards open and use the bill-pay option for utilities and other monthly bills. I want to do this so we can continue earning...
Apple Inc's (NASDAQ:AAPL) new iPad topped Consumer Reports' list of tablets despite the influential watchdog's having earlier stoked doubts about the latest iteratio...
Forced retirement is a fact of life for a growing number of baby boomers and can be just as traumatic as divorce or the loss of a family member. When you're suddenly...
Quartz countertop maker CaesarStone Sdot-Yam Ltd. (CSTE) struggled to stay above its IPO price Thursday, its first day as a publicly traded company.The company's sto...
The bulls took a breather yesterday as the Dow lost 69 points, but closing well off session lows. Investors focused on global growth concerns and comments from an ex...
National Legal Policy Center Associate Fellow Paul Chesser on reports the Fisker Karma was rushed to the market and crony capitalism was behind the government loan to the automaker.
Dealer Options are Part of Car Sales PitchLet's face it, when you buy a new car , you deal with experienced sales professionals who use a variety of time-tested meth...
FBN’s Gerri Willis on the lackluster sales for electric cars despite tax credits to lure consumers.
Seven Hip Hatchbacks to Tempt Your Teen DriveFretting over the first car you buy for your teen is an unavoidable part of that new-license, first-car rite of passage....
Consumer Reports Deputy Auto Editor Jeff Bartlett and Edmunds.com CEO Jeremy Anwyl discuss whether a hybrid or an electric car really save you money.
Overdraft fees, a profit center for banks, are the latest target of a new U.S. financial watchdog, which said Wednesday it would demand data from banks and work to m...
Impulse spending is a death knell to a budget and often a precursor to mounting credit card debt . Yet it's a tough tiger to tame--on the prowl even when the economy...
FBN’s Gerri Willis on President Obama’s green energy ads for his 2012 campaign.
Environmentally friendly supercarsRising gas prices and tougher U.S. government gas-mileage requirements for the coming years have forced the car industry to take hy...
How much money can I expect to save when I buy a new car? It's the most common question we get here at Driving for Dollars. A recent study by three university profes...
Growing up is tough enough without the worries of your financial future, so Money101 is here for you. E-mail us your questions and let us take off some of the press...
The ground immediately behind your car could hide a toddler. Or 62 of them.That's how many children KidsAndCars.org managed to hide in an SUV driver's blind spot. An...
Consumer credit card balances fell for the second straight month, according to data released Friday by the Federal Reserve. However, it's unclear whether consumers a...
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