Report: Unemployed people pay millions in needless fees under state-run payment-card programs

  • Article by: DANIEL WAGNER , Associated Press
  • Updated: January 29, 2013 - 11:09 AM

WASHINGTON - Jobless Americans are paying millions in unnecessary fees to collect unemployment benefits because of state policies encouraging them to get the money through bank-issued payment cards, according to a new report from a consumer group.

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borisbadenovJan. 29, 13 7:35 AM

Pelosi said that food stamps and unemployment are the best ways to stimulate the economy. What part of that don't people get? These fees and charges are stimulating economic activity.

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arielbenderJan. 29, 13 8:41 AM

borisbadenovJan. 29, 13 7:35 AM Pelosi said that food stamps and unemployment are the best ways to stimulate the economy. What part of that don't people get? These fees and charges are stimulating economic activity___________there's an old saying.."there, but for the grace of God, go I" ...you might do well to remember that.

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melabill2Jan. 29, 13 8:49 AM

Borisbadenov: It is the wrong kind of stimulus. Stimulus on the backs of people who are getting the benefits, little as they often are. These are the people who can least afford it. Also, food stamp benefits are also paid in a bank credit card that is subject to all kinds of fees described in the story. That is also ultimately costing the federal government millions of dollars. And, lowering the amount of money that is available for the poor to pay for food. Shameful! ! ! !

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paige7Jan. 29, 13 8:52 AM

Big banks ALWAYS find a way to make a buck, especially at the expense of those with the greatest need in our country. Disinvestment in government has a cost!

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kenw1952wJan. 29, 13 9:15 AM

The mafia use to do what the "big banks" are doing and it was called loan sharking and racketeering, my how times have changed!

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nortcydJan. 29, 13 9:36 AM

This is such a problem and headache for the unemployed. Does life need to be so much harder? I mean, having to make a phone call and fill out a form and drop it In the mail? So painful and difficult. And to get some cash other than your bank and be subject to outrageous ATM fees? Outrageous. And I can feel the pain and struggle when you run out of money at the bar or a game. That 3 or 5 bucks could be an extra beer or a hotdog. And don't get me started on casino ATM fees. A wise investigative panel and commission needs to get to the bottom of this travesty.

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freedubayJan. 29, 1311:02 AM

Ain't no such thing as free money.

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rlwr51Jan. 29, 1311:06 AM

I also question the requirement thay Social Security checks be direct deposited. It is supposed to stop checks from being stolen, but now banks can take hundreds of dollars away from the recipents for a $5 error (remember we are dealing with the elderly and disabled here so don't start your "personal responibility" chatter). I have heard the complaint that the check cashing business would rip them off, but I think it could be cheaper than get overdrafted by the bank. I would like to see something in place to contoll the amount banks can take out of a persons Social Security check, since people have no other option than to use the banks to get their money.... It's interesting how recipients of the so called "entitlements" are looked down on while the parasites that feed off them are considered upstanding "job creators".

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rlwr51Jan. 29, 1311:28 AM

freedubay - You are right unemployment is not frre, it is an insurance program. Would you like to be looked down of for collecting on an insurance?

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mnmaggiemnJan. 29, 1311:31 AM

@nortcyd@ WOw, I suppose you have never needed help. I have, Im not ashamed to say it. I wasnt at the casino or Bar, I was using it to pay my rent and feed my child. There are people out there that dont use it for the right reasons but not everyone. Its not about mailing a paper, its that the paper can be hard to find or come by at times. And you should be outraged that banks are taking your money as well, not just that people need help. Its ridiculous, I was pushed toward the card but I went with my bank thank goodness!:)

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