Even if people are ready to abandon the idea of using the prepaid card platform as a way to rebuild the credit of unbanked consumers, it is worth giving the idea another try.

Pay Rent Build Credit (“PRBC”) established a new model for helping people to build credit when it appended a non-traditional credit reporting service onto prepaid debit cards. The idea was to (more…)

Capital One is following through on its promise to raise the interest rates for its entire customer base.

Back in February 2010, Capital One disclosed that it would raise interest rates on customer accounts, owing to “a downturn in the economy.”

Some customers were given a special 18-month promotional rate. During that time, interest (more…)

H&R Block confirmed that it will not offer refund anticipation loans during the 2012 tax season. Block did not have RALs last year.

New Block CEO Bill Cobb attributed the preparers willingness to go into the season without RALs to (more…)

The Mango Prepaid Card will see increases in the pricing of several of its features on October 15th.

Mango will charge 50 cents for every balance inquiry over the phone. This includes not just when you talk to a human being, but even when you punch a keypad through an automated (more…)

Part of the headwind thwarting efforts to curb unemployment stems from systematic shortcomings in worker training.

There were two important sets of job numbers this week. On Tuesday, the Bureau of Labor Statistics reported that there the number of new job openings is increasing. Compared to the same period last year, new openings jumped 13.3 percent in July. Moreover, private (more…)