Quote of the day

Loading Quotes...

Swipe Fees May Start to Cost You

For nearly all my adult life, I’ve been using one sort of Reward Credit Card or another. It’s one thing to get miles you may have a tough time using, and quite another to watch as a 529 college savings account funded with these rewards is on track to pay for a full semester of [...]

Swipe Fee Windfall

In October, 2009, I wrote The Unintended Consequences of CARD, and discussed how any limit on bank fees would result in them looking to replace that lost income elsewhere. It took some time, but now I read Swipe fees give retailers a windfall of billions at the expense of consumers, which confirmed this trend is [...]