When parents think about protecting their kids from financial pitfalls, their minds often gravitate to subjects like predatory lending, credit card debt or identity theft. But what about the more subtle hazards presented by entities like online gaming or prepaid debit cards, wherein your child may unwittingly sign up to pay hidden charges or fees without even realizing it? Listen in on the conversation as guest expert Suzanne Martindale shares with our hosts some not-so-obvious financial traps that all young people should be wary of.
Suzanne Martindale is a Staff Attorney for Consumer Reports (formerly Consumers Union), out of San Francisco, CA and is part of the Financial Services Campaign Team, where she specializes in a variety of concerns including: prepaid and gift cards, bank account fraud, mobile phone purchasing and online gaming. Much of her work in payments involves media advocacy and public education, as well as debt collection and debt settlement legislation and policy.