Kardashian Sisters Want Out of Debit Card Deal
NEW YORK (CBS/AP) The Kardashian sisters are seeking to cut ties with a venture that sold prepaid debit cards under their name after coming under attack for the card's high fees.
The card, which launched last month, was aimed at young adults, the same group that watches the sisters' hit E! reality TV show "Keeping Up With the Kardashians."
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An attorney for the sisters sent a letter of termination on Monday to parties affiliated with the card, demanding they stop using the names and images of sisters Kim, Khloe and Kourtney.
The notice came after Connecticut Attorney General Richard Blumenthal said he would investigate the program to see if it violated state laws to protect consumers. He called the card's fees "predatory."
Blumenthal described the "Kardashian Kard," a prepaid debit card, as "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 have worked extremely long and hard to create a positive public persona that appeals to everyone, particularly young adults," the letter states, according to TMZ.
"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," it continues, and so the family has decided to "terminate the agreement...effective immediately."