Tag Archives: debit cards
- University of Georgia Ph.D. Student Sentenced For Fraud And Identity Theft
In early December, Carlton Lewis, a former Ph.D. student was sentenced to 70 months in prison for his role in an identity theft and credit card fraud conspiracy. Throughout the conspiracy, Lewis, who was enrolled as a Ph.D. student at the University of Georgia, provided credit and debit card skimming devices to waitresses working in [...]
- Banks Lose in Senate Today Over Debit Card Fees
by Marian Wang ProPublica, What’s arguably been the biggest lobbying brawl so far this year came to a head today in the Senate when lawmakers voted against delaying a controversial element of the Dodd-Frank financial reform legislation. The vote clears the way for the Federal Reserve to set rules that would limit banks’ revenue from [...]
- Bank Groups Try to Scare Consumers Using Twitter
by Marian Wang, ProPublica It’s April 21, and another Dodd-Frank deadline has come and gone. Today was the day the Fed’s regulations on debit card transaction fees, also known as interchange fees, were supposed to be finalized. Hasn’t happened. Controversy over the regulations caused the Fed to postpone finalizing the rules. But that win alone [...]
- New Study Finds Consumers Won’t Tolerate Debit Card Fees Resulting from Finance Reform Legislation; Merchants at Risk If Consumers Revert to Cash
The following is a press release from the credit or debt world. The publication of this release by this site is not an endorsement of the release. COCONUT CREEK, Fla.–(BUSINESS WIRE)–Coming on the heels of passage of landmark finance reform, a new study from Mercator Advisory Group sponsored by National Payment Card Association, www.nationalpaymentcard.com, strongly [...]
- Debit Card Concerns. Profits Hide Truth About Your Risks.
For years banks have lied and hidden the reality of debit cards from you. What I’m about to tell you is going to sound counter-intuitive from everything you’ve been taught and believe. Here it is. Don’t use a debit card. It’s not smart financial management. By now you’re probably thinking that I’ve lost my mind [...]