Kardashians Drop Debit Card Endorsement After Illegal Fees Claim
Looks like it might be time to cut up that Kardashian Kard. Less than a month after unveiling the prepaid debit card bearing their last name, Kim, Khloe and Kourtney have withdrawn their endorsement of the product after users claimed they were charged with excessive fees.
According to The Hartford Courant, the card, issued by University National Bank of St. Paul, Minn., is under investigation by the State of Connecticut for its alleged "predatory fees." Attorney General Richard Blumenthal says the card is "filled with gotcha fees and charges, such as $99.95 annual fees, $7.95 monthly fees ... ATM withdrawal fees, bill pay fees, loading fees -- and even charges for talking to a live operator at their service center, and a card cancellation fee."
The Kardashians' lawyer, Dennis Roach, said the girls thought the debit card conformed to all "necessary laws, rules and regulations," but the investigation threatens their "honest" and "ethical" reputation, which is why they've pulled out.
"The Kardashians have worked extremely long and hard to create a positive public persona that appeals to everyone, particularly young adults," the girls' lawyer, Dennis Roach, said in a statement. "Unfortunately, the negative spotlight turned on the Kardashians as a result of the Attorney General's comments and actions threatens everything for which they have worked."
To announce the card, Kim wrote a post about it on her website, but it has since been taken down. According to University National Bank, all sales made with the Kardashian Kard have been terminated and any fees will be refunded.
Did you purchase the prepaid debit card? Or are you so glad you didn't? Do you think the Kardashian sisters should have been more careful about backing the card or was it simply a bad business deal? Let us know what you think in the comments. %Poll-56314%