About two weeks ago, I read on Slate that the Kardashian prepaid debit card was a bad idea -- it promised to charge, on average, almost three times the usual fees.
Now, today, I find that the Kardashians are ending plans for the card, not because of pressure by Slate, but because of pressure from the Connecticut attorney general.
Celebrity gossip site The Superficial says it best:
The Kardashian sisters have abandoned their barely month-old prepaid debit card, the “Kardashian Kard,” after the Connecticut attorney general announced he was investigating the Kard for violating consumer protection laws with “predatory” fees, according to Gossip Cop: The notice of termination letter says that the Kardashians “have worked extremely long and hard to create a positive public persona,” and are recognized as “honest, ethical, and fun-loving individuals who are kind and caring to others.” Because the card “might violate” certain laws, rules and regulations, notes the letter, Dash Dolls “terminates the agreement in its entirety, effective immediately.”
So you'll have to find something else to give me for Christmas.
But in all seriousness, this shows, again, that people need to investigate seemingly "good" deals and think hard about what they're doing -- not everything that promises to be consumer-friendly is consumer-friendly.
Right, Obama administration?