Consumer Watchdog Says U.S. Laws Have Failed to Catch Up to New Payments Technologies

According to the new report, “Pay at Your Own Risk?,” current consumer protection laws do not adequately address more contemporary payment methods, including prepaid cards and mobile. One of the report’s authors, Suzanne Martindale of Consumers Union, offers her recommends for regulation and insight into whether the new Consumer Financial Protection Bureau should play a role in this exclusive NEXTcast interview.