With the latest numbers from the Federal Reserve indicating that Americans are facing $900 billion in credit card debt, the proposed bailout is probably a case of banks simply attempting to cut their losses. Seeing the writing on the wall as consumers deal with record unemployment rates, skyrocketing home foreclosures, inflated prices for goods and [...]
Entries from November 17th, 2008
Banks Propose Credit Card Debt Bailout Plan
November 17th, 2008 · 21 Comments · Credit Cards
Tags: credit card debt bailout·credit card debt forgiveness·debt-forgiveness plan·pilot program credit card forgiveness
PayDay Loans Rejected by Arizona Voters
November 14th, 2008 · 8 Comments · PayDay Loans
A clear message was sent to payday lenders last week by voters in Arizona, which rejected Proposition 200 by a 3 to 2 margin. And the payday lenders are most certainly unhappy campers, after spending more than 14.6 million in one of the most expensive advertising campaigns in Arizona’s history. The ballot proposition that was [...]
Tags: arizona payday loans·consumer loans·payday lenders·payday loan fees·payday loan industry·payday loan interest rate cap·PayDay Loans
New Cash-Transfer Method for the Unbanked: ATM & Cell Phones
November 13th, 2008 · No Comments · Banking
It seems as though the un-banked individual will no longer have to send their cash to an alternate location via expensive and inconvenient wire transfers, carrier-pigeon or Fed-ex; all it takes is a cellphone and an ATM machine! Due to the wonders of technology and a company called Privier, Inc., the latest and greatest alternative [...]
Tags: ATM mobile phone cash transfer·ATMSend·cash remittance·cellphone cash transfer·Money transfer·no bank account·Privier·send cash ATM·send cash unbanked·un-banked
Bank Fees Rise Again
November 12th, 2008 · No Comments · Banking
Overdraft and ATM withdrawal fees have risen a great deal since 2007, as have bounced check charges. According to a recent national survey, the average fee for a bounced check is $28.95, which shows a 2.5% increase over the last year. ATM fees for non-members have swollen even faster; a shocking increase brought the average [...]
Tags: ATM·bank fees·Check Charge·Free Checking·Increase Over Last Year·Overdraft·Withdrawl
