On December 28 I visited a local Dollar General store in our area (shopping choices are limited in rural areas). I attempted to pay for my purchase with my debit card and the system wouldn't recognize it. At the time I thought little about it and paid with cash.
Fidelity: Generation Y Saving More and Spending Less
Source: American Shareholders
Among the positive results of the current economic situation is that those of my generation seem to be acting more fiscally responsible. Please share this information, as this year draws to a close.
Idaho C-stores Raise Stink Over Unfair Swipe Fees
Source: csnews.com
A new grassroots effort launched by convenience store chain Stinker Stations is seeking to fight interchange fees, a percentage tacked on to every purchase made with a credit or debit card, and paid by the merchant.
Credit card companies enhance the credit limits on their own and they also charge an amount for enhancement .If you protest they reverse the entry. Minimum balance payment is observed more in the breach. Rate of interest calculation is so complex ,though it appears to be nominal, …
Thief racks up big bill on cancelled credit card
Source: New Zealand Herald
Rebecca Watson had her credit card stolen from her letterbox. But even after cancellation, the thief managed to spend hundreds of dollars on taxi rides around Auckland.
Prisoners benefiting from citizens' credit cards
Source: King5,com
KIRKLAND, Wash. - Carol Lindros of Kirkland owns an auto body shop. But she believes someone behind bars is wrecking her credit. "Unbelievable, they're stealing from me and nobody's been arrested or done anything to them," said Carol. (by JESSE JONES / KING 5 News)
Fed Rules Would Restrict Overdraft Fees on Debit Cards
Source: The New York Times
"The final overdraft rules represent an important step forward in consumer protection," the Federal Reserve Chairman Ben S. Bernanke said. "Both new and existing account holders will be able to make informed decisions about whether to sign up for an overdraft service."
Ok, so perhaps I was spoiled: Washington Mutual had lulled me into a false sense of safety, almost leading me to believe that it wasn't a banks' sole purpose to lie cheat and steal as much as possible out of its customers.
Lawmaker Wants Credit Card Rate Freeze - TIME
Source: TIME
(WASHINGTON) — Senate Banking Committee Chairman Chris Dodd, who is fighting for his political survival, proposed Monday an immediate interest rate freeze on existing balances for the estimated 700 million credit cards in circulation.
Bada Bing: Here's A Credit Card With An 79% Interest Rate
Source: Consumerist
NBC San Diego found a local wine distributor who was issued a credit card with a 79.9 percent APR. The Premier card from South Dakota's First Premier Bank is responsible for the usurous, loan shark-style rate. The station's Bob Hansen writes:
Pre-approved credit card with 79.9% APR?
Source: digitaljournal.com
For Gordon Hageman of San Diego, the Premier card offered by First Premier Bank came with a 79.9 percent APR. While it looks like an attempt to gouge the consumer, it is perfectly legal. Wine distributor Gordon Hageman thought "it was a mistake" reports NBC San Diego.
JPMorgan & Bank of America Overhaul Overdraft Fees
Source: Reuters
JPMorgan Chase & Co said on Wednesday that it was eliminating some overdraft fees altogether and trimming others, after Bank of America Corp announced a similar move on Tuesday. More Articles
Retiree Forced To Pay $11,000 In Fraudulent Credit Card Charges
Source: Denver News, Denver, Colorado News, Weather, and Sports - KMGH Denver's Channel 7
Imagine someone racking up $11,000 in charges on your credit card without your knowledge. That's what happened to a retired Loveland man, who is now responsible for paying it all back.
Two years after giving up on chartering an industrial bank in Utah, Wal-Mart us busy carving out a niche in banking for the unbanked.
5 Secrets Your Bank Doesn't Want You to Know
Source: finance.yahoo.com
Three-quarters of banks automatically enroll consumers in their "overdraft protection" programs without formal permission, and more than half of banks manipulate the order in which checks are cleared to trigger multiple overdraft fees, according to a Federal Deposit Insurance Cor …
If you listen to the radio now days, you will hear advertisements that are at best, misleading. The airways are clogged with verbal cholesterol of empty promises and downright lies.