AceShowbiz
 
The Kardashians Accused of Introducing 'Dangerous Financial Fantasy'
Celebrity

Lending their name to a prepaid MasterCard for kids, Kim Kardashian and her sisters are slammed by the officials in Connecticut and Attorney General Richard Blumenthal.

AceShowbiz - The attorney general of Connecticut has launched a scathing attack on Kim Kardashian and her sisters for launching a credit card aimed at kids - accusing the stars of peddling a "dangerous financial fantasy".

Kim, along with her siblings Khloe Kardashian and Kourtney Kardashian, have lent their name to the Kardashian Prepaid MasterCard, which lets parents give their children a small amount of credit so they can keep track of their finances.

But the scheme has riled officials in Connecticut and Attorney General Richard Blumenthal has issued a statement warning of the perils of handing over credit cards to kids. The statement reads, "Keeping up with the Kardashians is impossible using these cards - laden with pernicious and predatory fees that swallow card value."

"These cards are feckless financial tools designed to promptly diminish in value with virtually every transaction - and even when consumers don't use the card at all. The family is marketing a dangerous financial fantasy."

Blumenthal has also demanded bosses at the company behind the card, University National Bank, provide specific details about how the card is promoted and sold in the state in a bid to protect consumers.

About This Article

AI-Assisted Content: This article was created with the assistance of artificial intelligence technology under human editorial oversight. Our editorial team reviews and verifies all AI-generated content for accuracy.

Sources: Information in this article may be aggregated from publicly available sources including press releases, news agencies, and entertainment industry sources. We provide attribution where applicable and strive to ensure factual accuracy.

Learn More: For details about our editorial standards and practices, visit our Editorial Standards page.

Contact: Questions or concerns? Email us at [email protected]

Follow AceShowbiz.com @ Google News

You can share this post!

You might also like
Related Posts