Ottawa targets the prepaid credit card market
Posted by news | Filed under All News Stories, Business, Durham, Politics
The federal government is taking aim at the prepaid credit card market. Finance Minister and Whitby Oshawa MP Jim Flaherty is introducing new rules to stop the issuers of the cards from imposing expiry dates. The rules will also require companies to disclose the fees clearly on the cards exterior package. Prepaid credit cards have come under fire for hidden fees that reduce their value, leaving many consumers feeling fooled.
