The Occupy Card Moves Ahead

The Occupy Money Cooperative needs to raise $900,000 to make its card a reality. by Chris Warren The Occupy Wall Street Movement’s first steps into the financial services industry have not been particularly smooth. The announcement this past summer that the Occupy Money Cooperative, an offshoot of the anti-status quo coalition that grabbed the world’s… Continue reading The Occupy Card Moves Ahead

A True Wall Street Occupation?

How the Occupy Card Doesn’t Live up to its Promise   by Shane Tripcony The terms and conditions of credit, debit and prepaid cards are not what anyone would call scintillating reading. Layered with legalese and hard to decipher jargon, these documents have traditionally (and understandably) been ignored by consumers. Which is too bad because… Continue reading A True Wall Street Occupation?

FDIC Insurance And Prepaid Debit Cards

When you have a debit card tied to a traditional bank account and the bank goes out of business, the federal government guarantees you up to $250,000 of the money that you have in your account through mandatory FDIC insurance. “FDIC insurance is an important financial protection,” says Lauren Saunders, managing attorney of the National… Continue reading FDIC Insurance And Prepaid Debit Cards

Debit Cards, Credit Cards and Bank Accounts Could Be Required If You Want to Receive Health Coverage

According to information provided by the Federal Deposit Insurance Corporation (FDIC), more than 17 million adults in the United States are unbanked.  Additionally, 43 million are considered underbanked, still relying on payday loans check cashing services to handle regular banking needs.  This could be a huge obstacle for those shopping for health insurance under the… Continue reading Debit Cards, Credit Cards and Bank Accounts Could Be Required If You Want to Receive Health Coverage

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