Friday, October 30, 2015

RushCard Vows to Compensate Prepaid Debit Card Users For Losses


The issuer of prepaid RushCard debit cards said Thursday that it would compensate thousands of customers for losses caused by a technical glitch left many cardholders unable to pay bills, get cash or make purchases for weeks.

Consumer advocates say the ordeal highlights the need for greater regulation of prepaid debit cards, which are mainly used by people who don't have bank accounts and lack many of the protections of credit and debit cards. 

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Source: NBC News

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