Prepaid Cards May Get Added Fraud Protections

Swipe a debit or credit card and all sorts of consumer protections are in place in case something goes awry. With a prepaid card, not so much. That may soon end. The Consumer Financial Protection Bureau is proposing to extend many of the consumer rights that exist for credit and debit cards to prepaid products, such as limiting customers’ losses if their prepaid cards are lost or stolen. >> 10 Consumer Spending Regrets “People use prepaid accounts as a convenient way …

Lifestyles of the Rich and Frugal

“If you buy things you do not need, soon you will have to sell things you need.” That sounds like something any one of the hundreds of proud, self-proclaimed “cheapskates” I’ve written about over the years would say. And it is a major tenet of living a frugal, simpler life — one which, I would argue, is ultimately happier, less stressful and more rewarding. How Far Could You Travel with $10,000? Enter our Winter Escapes Sweepstakes now! See official rules But …

Want to Buy Happiness? Indulge in an Experience

Want to buy happiness? Then spend your money on an experience, like concert tickets or a trip to the U.S. Open, instead of buying new clothes or a big-screen TV. New research from Cornell University finds that using your money to do something makes you happier than purchasing material goods. In fact, just thinking about making vacation plans or going to the symphony raises your level of happiness more than anticipating a purchase like furniture or a computer. What if …

Customers Still Baffled by Overdraft Fees

Customers who say they don’t recall authorizing their bank to provide overdraft protection on their checking accounts are getting hit with overdraft fees totaling $90 or more, according to a new report. It’s been four years since federal rules took effect that required banks to ask customers to opt in if they wanted overdraft protection on the debit cards tied to their checking accounts. The rules were supposed to make it easier for customers to understand when banks could charge them fees …

11 Things We Didn’t Know Last Week

News, discoveries and … fun    1. Six Flags Great America in Gurnee, Ill., has the world’s fastest, tallest and steepest wooden roller coaster. (Learn more at ABCNews.com) 2. Nearly 60 percent of the Americans who bought health insurance through new online marketplaces were previously uninsured – most of them for at least two years. (Learn more at AARP)   3. More than one in every 10 cars on the road in the United States have been recalled so far this year. (Learn more …