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Tag: Credit Cards


Americans Are Drowning in Credit Card Debt, and It’s Not Because They Are ‘Irresponsible’

Systemic inequalities play a key role in our alarmingly high level of credit card debt.

Posted on Sep 13, 2016 READ MORE


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Hospitals Are Mining Patients’ Credit Card Data

Medical centers are jumping aboard the bandwagon of privacy invasion as they buy data on millions of patients both to anticipate when they’ll get sick and for their own financial purposes.

Posted on Jul 6, 2014 READ MORE



The Credit Card Gravy Train Is Running You Down

The credit card business is now the banking industry’s biggest cash cow, and it’s largely due to lucrative hidden fees.

Posted on Feb 14, 2014 READ MORE



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Elizabeth Warren Wants to Save the Post Office by Having It Replace Payday Lenders

Sen. Elizabeth Warren endorsed a proposal by the United States Postal Service’s inspector general over the weekend that could prevent the poor from having to shell out billions of dollars in fees and maybe even save the post office from sinking.

Posted on Feb 4, 2014 READ MORE


New Leaks Show NSA Spying on U.N., Climate Summit, Text Messaging

New York Times reporter Scott Shane discusses new ways the NSA is known to be “an electronic omnivore of staggering capabilities, eavesdropping and hacking its way around the world to strip governments and other targets of their secrets, all the while enforcing the utmost secrecy about its own operations.”

Posted on Nov 4, 2013 WATCH & LISTEN



Flickr / 7bikeframesweldedtogether

The Flawed Credit Card Debt Collection Process

Credit card companies are increasingly turning to the legal system in their rush to collect money that is owed to them. But, there now exists a very big problem in this litigious-happy practice—nearly all these lawsuits may be flawed.

Posted on Aug 13, 2012 READ MORE


Post-Christmas









Posted on Dec 27, 2011 ENLARGE



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New Credit Card Rules Go Into Effect

New rules curbing credit card company shenanigans took effect Sunday, as restrictions on “unreasonable late payment and other penalty fees” will now block the companies from charging excessive levies if users, to cite just one choice example, do not use their cards.

Posted on Aug 22, 2010 READ MORE


New Credit Card Rules Activate

With the folksy charm of a timeshare salesman, Austan Goolsbee of President Obama’s Council of Economic Advisers outlines some of the new credit card rules, which began taking effect Thursday.

Posted on Aug 20, 2009 WATCH & LISTEN



Flickr / stan

You Can’t Teach an Old Predatory Lender New Tricks

Like an abused spouse, America continues to stand by the banks, hoping they’ll change their ways. TARP funds were supposed to trickle down to the average taxpayer, but Congress is now investigating complaints that bailed-out banks such as Bank of America and Citigroup are jacking up interest rates and engaging in predatory lending.

Posted on Apr 13, 2009 READ MORE


Obama

Obama Talks Banks, Bonuses and Basketball on Leno

The merger of the entertainment and political spheres is now complete. Witness this lengthy chatfest between President Barack Obama and Jay Leno on Thursday’s “Tonight Show.” During the broadcast Obama cracks jokes about the Secret Service, the Special Olympics (oops) and “American Idol” between more serious discussions about the economy and alternative energy.

Posted on Mar 20, 2009 WATCH & LISTEN


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