Debit Or Credit?
When Morgan Robinson began working for SmithKline as a teenager in 1999, she opened a checking account with her employer’s bank. She was issued a Visa debit card that could be used as a check card and...
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In the News: Obama to Announce Troop Pullout; Shaq Talks Future in Business;...
President Barack Obama is set to announce the withdrawal of troops from Afghanistan Wednesday (Image: File) Obama to Announce Troop Pullout in Afghanistan War President Barack Obama is set to announce...
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‘Technology Transition’ Cause of RushCard Crash
Last week, users of RushCard; a brand of pre-paid debit and credit cards, could not access their funds due to what the company called a “technology transition.” RushCard, which was co-founded by...
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RushCard Faces Class Action Lawsuits
There have been several class action lawsuits filed against UniRush, LLC—the company that manages Russell Simmons’ RushCard prepaid card service. [Related: ‘Technology Transition’ Cause of RushCard...
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Russell Simmons Cashes Out for $147 Million
Greet Dot, a provider of prepaid debit cards, announced it is acquiring UniRush L.L.C., the company that makes the RushCard—co-founded by Russell Simmons in 2013. In a statement released by Green Dot,...
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Congress Wants to Get Rid of Consumer Financial Protection Bureau
It could soon be open season for lenders to prey on people of color, now that twelve Republican senators are backing legislation to dismantle parts of the Consumer Financial Protection Bureau (CFPB), a...
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