New York Times: Prepaid Debit Cards Shed Some Fees, but Face Scrutiny
Prepaid debit cards continue to grow more popular and offer more services that mimic traditional debit cards, even as the federal government weighs new rules for the cards.
Susan Weinstock, director of the Pew Charitable Trusts' Safe Checking in the Electronic Age project, says prepaid debit cards can be a good deal for some consumers who are leery of unexpected overdraft fees, which average about $35 with a regular bank account. “We really think this has some good possibilities,” she said.
Read the full article at nytimes.com.