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Are prepaid charge cards assisting or consumers that are hurting?

Are prepaid charge cards assisting or consumers that are hurting?

The middle for Responsible Lending is a research that is non-profit policy company specialized in protecting home-ownership and household wide range.

Let us start with the premise that is following with regards to technology and therefore main item expenses, basic function reloadable prepaid cards are indistinguishable from debit cards connected with checkless checking reports.

Both prepaid and debit cards must keep a database of specific account documents; both access the exact same repayments system via a bank person in a funds transfer community such as for instance Visa or MasterCard.