10 states make it illegal for a merchant to hit your credit card for fee’s from 1% up to 4 %. Debit card holder not affected yet by this move.
http://www.consumer-action.org/popular/checkout_fees.html
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HOLY freeking cow a RFID chip! Who would have thought!?
MasterCard PayPass is a payment method that lets you make everyday purchases without having to swipe the magnetic strip on your card or provide your signature*. It’s faster than fumbling with cash or waiting for change, and it makes checkout easier than ever. All you have to do is Tap & Go™ at one of the hundreds of thousands of PayPass-accepting [...] From Bargaineering: After last year’s struggles over bank fees, things settled down a bit. Consumers fought back against debit card fees, and other fees. Many banks backed off. However, the story doesn’t end. Now that some of the furor over bank fees has died down, some banks are revisiting their fee increases. Many of the fees aren’t as obvious as attaching a monthly fee to your debit card, though. Most of them [...] Southwest Airlines charged Romona Cobian $11,407 for a ticket to Los Angeles. “My stomach just flip flopped. I thought ‘oh, what’s going on?’ They’re going to deplete my bank account.” They did, leaving Cobian with no way to pay her credit card bills, buy gas or even food. Her debit card statements show Southwest charged her 51 times the cost of the $135 airfare and then tacked on a strange additional charge of nearly $4500. http://sacramento.cbslocal.com/2012/08/09/call-kurtis-southwest-billing-glitch-leaves-customers-with-no-way-to-pay-bills/ Jackie Whiton has worked at the Big Apple Convenience store in Peterborough, New Hampshire, for four years, but last month she was unceremoniously let go for standing up for what she believed was right. On May 29, a customer came into the store and tried to buy cigarettes with his EBT debit card and Mrs Whiton refused to let tax payers foot the bill for his addiction. The company that owns the [...] by Michael When most people think of “Big Brother”, they think of the FBI, the CIA, the NSA, the Department of Homeland Security and other shadowy government agencies. Yes, they are definitely watching you, but so are many big corporations. In fact, there are some companies that are making tens of millions of dollars by gathering every shred of information about all of us that they can and selling it for [...] From Financial Highway: Even though it can be easy to fall into the debt trap when you use a credit card, the truth is that sometimes it’s best to use a credit card. It’s true you can use a debit card in much the same way as a credit card, but there are some things a debit card is missing. Many banks tell you that you can have similar protections with [...] Boy’s parents thought they were victims of an elaborate fraud sting He looks as if butter wouldn’t melt. But this is the little boy who spent £1,000 of his parent’s cash – playing an online computer game. Cheeky Jake Sadler, six, from Portsmouth, managed to fritter the money buying ‘pretend gold’ [...] From Forbes: The Consumerist reports on a soldier who is having a dispute with Bank of America: WKTV in Utica, N.Y. says John [McDevitt] has been protesting outside his local Bank of America branch with a sign saying, “A soldier that puts America first should have a bank that puts the soldier first.” by hosting a “Food Stamp Friday” party on April 6 that seems to glamorize life on the federal government’s food assistance program. An invitation for the April 6 party obtained by The Daily Caller tells patrons of the Rose Supper Club in North Montgomery that the Friday night cover charge will be just $5 if a “food stamp card” is shown upon arrival. The Supplemental Nutrition Assistance Program (SNAP) was designed for [...] By Claes Bell • Bankrate.com Debit cards are different Slide 1 of 5 Would you give a thief direct access to your checking account? No? Unfortunately, you may be doing just that by regularly using your debit card. Debit cards may look identical to credit cards, but there’s one key difference. With credit cards, users who spot fraudulent charges on their bill can simply decline the charges and not pay the bill. On the other hand, [...] From Reuters: Bank of America Corp (BAC.N) has put its advertising account up for review as it seeks to mold a new image for a company that has changed significantly since the financial crisis and suffered repeated blows to its brand. The second-largest bank notified advertising agencies of its plans on Wednesday and expects to make a decision in April, a person familiar with the situation said. The move will influence about [...] BARRY CHIN/GLOBE STAFF Bank of America chief executive Brian Moynihan said he never expected the economy would take so long to recover and that unemployment would go so high. “It’s just been a long effort to pull through this,’’ he said. From Boston Globe: Next month Brian Moynihan will have served two years as the chief executive of Bank of America Corp. Moynihan, who joined the bank after it acquired FleetBoston, spoke recently with [...] Jason Scherr had a lot on his mind the day after he opened his fifth Think Coffee shop in Manhattan last week. The fan was blowing too hard, the classical music was playing a little too loudly—and he was trying to figure out how to get more customers to pay with cash. A new law that was supposed to reduce costs for merchants that accept debit cards has instead sent Mr. [...] Mug shot of Patty White. (credit: York County Police) YORK, S.C. (CBS Charlotte) – Police say a York County woman admitted to killing a 67-year-old family friend in Florida and leaving the woman’s body underneath a pile of Christmas presents in her own home. Patty White, 40, has been arrested for allegedly killing 67-year-old Michele O’Dowd in her Jacksonville home Friday. Jacksonville police indicated to CBS Charlotte that while no charges have been [...] From CNBC: “Even as Bank of America and other major lenders back away from charging customers to use their debit cards, many banks have been quietly imposing other new fees. Need to replace a lost debit card? Bank of America [BAC 6.05 -0.16 (-2.58%) ] now charges $5 — or $20 for rush delivery. Deposit money with a mobile phone? At U.S. Bancorp [USB 25.48 -0.46 (-1.77%) ], [...]
Bank Transfer Day on November 5 and the earlier Move Your Money movement have succeeded in inspiring millions of fed-up consumers to dump their mega-bank accounts and take their business to locally owned community banks and credit unions. But the truth of the matter is, their actions won’t make much difference in the grand scheme of things: any financial institution that makes loans is contributing to the gigantic Ponzi scheme [...] NEW YORK (AP) — It’s moving day for bank customers. A grassroots movement that sprang to life last month is urging bank customers to close their accounts in favor of credit unions by Saturday. The spirit behind “Bank Transfer Day” caught fire with the OccupyWall Street protests around the country and had more than 79,000 supporters on its Facebook page as of Friday. The movement has already helped beat back Bank of America’s [...] by frustrated1, Dailykos It isn’t very often that a bank as bad as Bank of America really makes you happy, but they really made my day today. I got home and found something in the mail from them. I assumed it was another credit offer, or maybe even a “sorry for threatening to charge you $5 per month to use your debit card” letter. Instead, I found a “we sold your mortgage” letter. [...] An Indian company has launched what it says is the world’s first “cash machine” that dispenses gold and silver coins and diamond-studded jewellery. The Gitanjali Group launched the Gold and Diamond automatic teller machine at a central Mumbai shopping mall for the annual Hindu festival of lights, Diwali, on Wednesday. Diwali is traditionally an auspicious time for Hindus to buy gold and jewellery while Indians are the world’s biggest importers and consumers [...] by Louis Ciola Well, the easy way around that is to just use your debit card as a credit card. Then, the merchant pays the fees. And, the money will come right out of your checking account just like a debit card. The banks are so incredibly crooked they disgust me. I have paid enough interest on my mortgage to have more than paid the house off in cash, and the banks are [...] by Nomi Prins Ten Reasons Not To Bank On (Or With) Bank Of America Charging customers for a debit card is just one reason not to bank at BoA. Recent Occupy Santa Cruz Bank of America incident illustrates how sensitive B of A is to protest. This “too big to fail” bank may collapse like a house made of junk bonds and become a taxpayer burden. Here are a few other reasons why [...] House Democrats Thursday called on the Justice Department to investigate whether large banks are coordinating new fees in violation of antitrust laws. Representative Peter Welch said public statements by big banks and trade groups raise questions about whether financial firms have colluded on fee increases to make up for revenues lost because of a new cap on debit card swipe fees. The letter is the latest [...] Vikram Pandit, CEO of Citi Most financial professionals haven’t had much to say in response to the hundreds of protesters flooding the streets of Wall Street (and yesterday, the Upper East Side), arguing that they haven’t really accomplished enough to be taken seriously yet. But not John Paulson, and not Vikram Pandit. Pandit spoke today at a breakfast event hosted by Fortune called A Conversation with Vikram Pandit. Asked what he would [...] In this edition of the show Max interviews David Morgan from Silver-Investor.com. He will talk about the new law implemented in the state of Utah making gold and silver legal tender. So from now on the merchants in the state of Utah will start accepting gold and silver coins on a voluntary basis. There is a depository that was set up where people can put their gold and silver into and [...] |
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