Yeah, they have some shitty magnet now or something. I never got to own one with the metal snap closure. I suppose with these new ones you could always buy the velcro and glue it in place yourself. I'd buy one and do it, but I don't have much use for them these days. Since I'm still bus-bound, I tend to travel as light as possible, which means a one inch floppy binder to hold whatever I need for the day.