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The National Consumer Law Center has issued a report that is critical of the fees many unemployed people have to pay because their states put unemployment benefits on cards.

“Prepaid cards can help states eliminate the costs of paper checks and help unbanked workers avoid check cashing fees and the risks of carrying cash,” said Lauren Saunders, managing attorney of the National Consumer Law Center in Washington and the primary author of the report. “Yet, prepaid card junk fees stack the deck against jobless Americans who need every dollar during a financially stressful time.”

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Peter Westerman

 

Credit Union Times

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