Instead of the 12-cent cap on fees that would benefit merchants and, in turn, consumers the most, the Fed has decided on a 21-cent cap instead.
Entries from June 30th, 2011
Caving to Banks, Fed Sets Debit Fee Limit at 21 Cents
June 30th, 2011 · No Comments · Debit Cards
Tags: Banking Industry·banks·Debit Cards·debit fee·Dodd-Frank·fee limit·financial reform·merchants
Study Ranks Best, Worst Security Among Top 20 Credit Card Issuers
June 29th, 2011 · No Comments · Credit Cards
In its annual study, Javelin Strategy and Research ranks the best and worst issuing organizations when it comes to credit card security.
Tags: bank of america·Citigroup·credit card fraud·credit card issuers·Credit Cards·detection·Javelin Card Issuer’s Identity Safety Scorecard·Javelin Strategy and Research·prevention·resolution·security
I Paid a Collection to Have it Removed – It’s Still on My Credit Report
June 28th, 2011 · 1 Comment · Collection Agencies
Q. I have a collection on my credit report from a gas utility company. Two years ago, I told them I would pay the entire amount if they would remove it from my CR. When I called, the person said yes and was very eager to inform me they would update to the credit bureaus [...]
Tags: collection agency·Fair Credit Reporting Act·inaccurate information·pay for delete·sue collection agency·unpaid debt
Pleasure vs. Pain of Spending Cash Limits Impulse Food Buys [STUDY]
June 27th, 2011 · No Comments · Your Money
After spending 6 months studying the spending habits of 1,000 households, the Journal found we buy healthier food when paying with cash than when paying with plastic, be it debit card or credit.
Tags: Cash·credit·debit·food·groceries·impulse buys·Journal of Consumer Research·pain·pleasure·Scientific American·spending
