Prepaid Cards: A Vital Aid for Disaster Relief
Over the past five years, the U.S. has experienced an average of $18 billion annually in natural disaster-related damages. Millions of individuals are impacted by natural disasters each year, facing financial challenges such as damage to homes, the need for temporary shelter, and the replacement of personal belongings and food. With delays in funds distribution […]
Gen Z’s Penchant for In-Store Experiences Could Drive Physical Shopping Renaissance
Gen Z may be native to social media and mobile technology, but they are increasingly looking for physical retail shopping experiences. According to a study by EY, roughly 63% of Gen Z respondents plan to make purchases at brick-and-mortar retailers this holiday season. By comparison, 50% of Gen Zers said they would shop online, a […]
CFPB Finalizes Rule to Limit Bank Overdraft Fees
The Consumer Financial Protection Bureau has released the final iteration of its rule that will cap the overdraft fees banks and credit unions can charge, a measure expected to save U.S. consumers $5 billion annually. Under the new regulations, banks could either charge a $5 overdraft fee or limit the fee to an amount that […]