Wednesday, April 7, 2010 as of 11:14 AM ET
A gift card is a restricted monetary equivalent or scrip that is issued by
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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 ...Be a Good Kid and a Shrewd ShopperYou love your mom. And after all she's done for you, she deserves something really special on Mother's Day, don't you think?But bef...
Making a Prepaid Card Your Transaction ChoicePrepaid debit cards are among the most controversial financial products. Celebrities endorse them. Many consumer advocat...
Question: When is a loan considered income? Answer: When a bank wants a way to justify slipping a credit card into the wallet of a college student.That's the content...
Welcome to OnSale at FOXBusiness, where we look at cool deals and insane bargains.Find the perfect gift for mom, or just give yourself a little something extra. The ...
DOW JONES NEWSWIRESWalgreen Co. (WAG) has agreed to pay $7.9 million to resolve false prescription billing claims, the Department of Justice said.The settlement reso...
Protect Your Paycheck from Work ExpensesIf you work full time, your job likely takes up most of each weekday. If you're not careful, job costs can take away a big ch...
Welcome to OnSale at FOXBusiness, where we look at cool deals and insane bargains.Trade what you have for what you want with this wallet-friendly website. Rent a wed...
There's almost nothing better to do with leisure time than travel. The world is huge, and global trends in media and commerce are making it more accessible than ever...
Basic credit cards won't help you rack up free flights, wads of cash or gift cards. But new research shows they're back in a big way, and they're especially popular ...
Online retailer Amazon is extending its Trade-In Program today to also cover CDs – you know, those round, shiny things collecting dust in the back of your closet? St...
GOP congressmen probing the growing scandal at the General Services Administration about its waste of taxpayer money now tell FOX Business that they've uncovered evi...
Golfsmith CEO Martin Hanaka on the controversy over the Augusta National Golf Club not allowing women members and the company’s new commercial with Tiger Woods.
SmartCredit.com President of Consumer Education John Ulzheimer on the pitfalls of prepaid debit cards and the CFPB’s probe into the industry.
Borrowing against your own cash and paying interest on that loan might seem counterintuitive, but savings account customers across the country are doing just that.Wh...
Like many of you, I'm always looking to save money on brand name items. Aside from drug prescriptions, generics have just never quite "done it" for me - the generic ...
Mammoth new ships and good deals are luring travelers to cruises in record numbers this summer, and many are setting sail with the help of credit card reward program...
It's time to take another look at the odd and unusual credit card crimes making the news. This first one in particular is a doozy.This detective should play the lott...
If you're like most Americans, using plastic instead of cash has become commonplace. What you may not realize, however, is how eerily sophisticated tracking your pur...
Prepping your finances for a babyPreparing for your baby's arrival can be one of the most exciting experiences in life. Yet the addition of a child can also take a t...
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