Consumers warned about prepaid cards

Prepaid cards have become the go-to alternative to traditional bank accounts and credit cards, yet many still have hidden fees and lack basic safeguards, exposing consumers to risks that could leave them financially devastated. A report released Tuesday by Consumer Reports reveals the dangers of using some prepaid cards, the plastic cards you can load and reload without a bank account. Because more consumers have bad credit or are trying to avoid credit card debt and bank fees, prepaid cards hav...

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