We support reforms to the financial marketplace to curb bad practices by banks and lenders.
Judith of Worcester, MA
We have three malls in Central Massachusetts and the ownership of the mall is constantly selling their own prepaid card at holiday time primarily. As soon as one purchases this card if not used right away at any of the stores in the mall it automatically reduces in value. This is the Simon Properties Gift Card. You may see this advertising at this time of year. Attorney General Martha Coakley and WCVB Channel 5 Boston, MA Susan Wornick (Consumer Reporter) have repeatedly asked them to cease and desist from this practice but it still continues to this day because it’s a money maker for the upkeep of all malls which they (Simon) hold ownership. Maybe you might have more influence than us, the consumers. Just avoid altogether.