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
FHFA today announced it's extending comment deadline for guarantee fees Fannie, Freddie charge lenders to Sept. 8.
2 hours ago
The 2014 @CUwomen Forum was held in Gold Coast, Australia yesterday during @WOCCU 's World CU Conference.
5 hours ago
.@CFPB obtains $92M in debt relief from Colfax Capital Corp. http://t.co/QPZAeCAcy2 See also: http://t.co/Kjf4HHkINW
7 hours ago
Julian Castro was sworn in as 16th secretary of @HUDgov Dept. of Housing and Urban Development Mon.
7 hours ago
.@CUNA's Chief Economist @SchenkMike talks consumer confidence--at highest levels since 2007 w/ @TheStreet @JoeDeaux http://t.co/JyoYQmhAxc
7 hours ago