On Monday, the CARD law that was passed last May finally goes into effect, which is supposed to offer lots of protections to Americans that these greedy banks have been throwing at us. Well, at least things the law addressed before banks had time to change some things up before [...]
First, I’ve decided that I will only talk about specific bank closings from this point on to the rest of the year only if a major bank of some kind is involved, or if there’s something specifically newsworthy about it. The number is now up to 123, and climbing
Instead, let’s [...]
There was a news story that came out last week stating that legislation was introduced to allow merchants and vendors to negotiate directly with Visa, Mastercard, and others, instead of having to go through the banks, thereby possibly being able to save a lot of money on credit card fees. [...]
On December 18th, federal regulators unveiled new rules aimed at protecting credit card consumers. The catch is that they allowed these banks to continue taking advantage of consumers for 18 more months.
It took 300 pages for the regulators to tell us just how bad these guys have been, but most [...]