For Banks, Data on Your Spending Habits Could be a Gold Mine

ANICK JESDANUN / The Associated Press Dec 2, 2019 They feel Americans have demonstrated that they value discounts more than intangible privacy concerns. Dig deeper ( 4 Min. Read )

Supreme Court Helps Big Business Screw the Little Guy

Alexander Reed Kelly / Truthdig Jun 21, 2013 The justices sided with big corporations Thursday when they ruled 5-3 that companies can write contracts that force small businesses to challenge monopolistic practices on an unaffordable individual arbitration basis rather than through class-action lawsuits, effectively killing the ability of small businesses to defend themselves in court against larger predatory ones.The justices effectively killed the ability of small businesses to defend themselves in court against large predatory companies. Dig deeper ( 4 Min. Read )

Spike in Consumer Spending Spells Danger

Staff / Truthdig Aug 15, 2011 Consumer borrowing shot up $15.5 billion in June -- three times more than projected -- in the biggest increase in credit in four years, with credit card and other types of revolving debt rising by $5.21 billion -- the largest jump since spring of 2008. (more) Dig deeper ( 2 Min. Read )

Cha-Ching! ‘Visa Tax’ Brings $8 Billion in Fees to Just 10 Banks

Staff / Truthdig Apr 29, 2011 Everyone knows you have to pay a municipal sales tax on your purchases, but what about a corporate Visa tax that's levied by credit card companies? Dig deeper ( 2 Min. Read )

Got Good Credit? Too Bad

Staff / Truthdig May 19, 2009 Those credit card holders who pride themselves on paying their bills on time, and who have enjoyed rewards in the past for so doing, are in for an unpleasant surprise: They may soon be targeted by the very companies that used to ply them with perks. Dig deeper ( 1 Min. Read )

American Express Cutting 7,000 Jobs

Staff / Truthdig Oct 31, 2008 Joining in the unhappy trend of mass layoffs, American Express announced Thursday that 10 percent of the credit card company's work force will soon be cut due to the current economic crisis. Dig deeper ( 1 Min. Read )

Palin to Exact Comic Revenge on ‘SNL’?

Staff / Truthdig Oct 7, 2008 The McCain-Palin campaign team might soon borrow a page from the celebrity crisis management handbook (see Chap. 11: Poke Fun at Yourself on a Late-Night Comedy Show), if the rumor that Sarah Palin is considering an appearance alongside her "Saturday Night Live" doppelgänger Tina Fey comes true before the Nov. 4 election. Dig deeper ( 1 Min. Read )