Of course it’s going to effect “poor and minorities”. They can’t get a bank account because they either owe another bank money (over drawn accts, etc) or because they have a habit of passing bad checks.
Referred to as “Pricey”.....I wonder what the vigorish percentage is.
Bull. They screwed their own credit up by not paying their bills. I used to have crappy credit and I still got a basic checking account through a credit union that came with a free debit card.
Bush’s fault!
How democratic of him.
How quickly will the libtards blame this on Rush Limbaugh?
This is very bad for the users of the RushCard. Some people have their checks direct deposited onto the card. People need their money to pay bills and buy food.
Fewer checks are being issued now days. Employers want to direct deposit their payroll. If employees don’t have a checking account, the pay can be deposited onto a prepaid debit card. RushCard is just one of the prepaid debit cards on the market. Their are other, lower fee cards available.
Prepaid debit cards are issued by banks. Then there is the celebrity/marketer/administrator that is directly interfacing with the customer.
Looking on the RushCard website, I found that the RushCard is issued by Metabank.
https://rushcard.com//legal/Cardholder-Agreement
I am curious as to what is causing the problems, and how is it going to be fixed. Is the problem at the RushCard level or the Metabank level? The article doesn’t give very many details.
Probably the gray market poor load these cards up with money they can’t show in banks to remain qualified for benefits.
Russell Simmons uses the money to buy women.
Google: Russell Simmons girlfriends