Project News
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- Opinion
- Prepaid Cards Research Project
USA Today: Be Wary of Prepaid Card Protection
Policymakers can -- and should -- require prepaid card issuers to acquire FDIC insurance.
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December 3, 2012
Paying for the Holidays
As the holiday shopping season takes off, consumers are turning to a variety of financial management tools. View our slideshow and learn more about Pew’s research on hidden bank fees, the growing use of prepaid debit cards, and the actual duration of payday loans that are marketed as two-week products.
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- Press Release
- Prepaid Cards Research Project
Pew Finds Reloadable Prepaid Cards Risky Option for Consumers Compared to Checking Accounts
According to a new Pew report, general purpose reloadable (GPR) prepaid cards—used to make purchases, withdraw money from ATMs, and pay bills—can be used as an alternative to traditional checking accounts, but come with added risks. more
Media Coverage
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- Media Coverage
- Prepaid Cards Research Project
New York Times: Weighing Prepaid Cards vs. Checking Accounts
Prepaid cards can be a better deal than checking accounts for some people, but the cards need more consumer safeguards, a new report from the Pew Charitable Trusts finds
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- Media Coverage
- Prepaid Cards Research Project
Reuters: Prepaid Debit Cards Should Be More Heavily Regulated – Study
Prepaid debit cards, which are popular with consumers who are too poor for checking accounts, are too lightly regulated and should face more restrictions, according to a study released by Pew Charitable Trusts released on Wednesday.
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- Media Coverage
- Prepaid Cards Research Project
NBCNews.com: Prepaid Debit Cards May Not Be So Bad After All
Prepaid debit cards—criticized by many consumer groups for high hidden fees -- may actually be a cheaper option for some Americans, according to report released Wednesday from the Pew Charitable Trusts. more
