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Debit Cards

Prepaid Credit Cards Preferred By Money Launderers

AP | By FRANK BAJAK | Posted 07.23.2011 | Business

BOGOTA, Colombia -- Forget bulk cash. Heavy and hard to hide, it's simply not the most convenient cross-border conveyance for a 21st-century money lau...

Simon Johnson: Why Would Small Banks Oppose Debit-Card Reform?

The New York Times | Simon Johnson | Posted 07.12.2011 | Business

It’s not hard to understand why large banks oppose any attempt to overhaul the financial arrangements currently surrounding credit cards and debit c...

The Big Retailers Versus the Big Banks: It Makes a Big Difference

Dean Baker | Posted 07.09.2011 | Business
Dean Baker

In the battle of the swipe fees, Wal-Mart is on the side of the angels, not because it is altruistic, but because it hopes to increase profits. If we're going to design policy that has a chance, we should get used to seeing some of the bad guys in our camp.

Ryan Grim

Dem Group Targets DNC Chair For Wall Street Ties | Ryan Grim | Posted 07.05.2011 | Politics

WASHINGTON -- The escalating lobbying blitz surrounding debit card swipe fees has now pitted a prominent Democratic messaging organization against the...

The Poor Get Swiped by Swipe Fees, the Rich Make Bank

Bryce Covert | Posted 07.04.2011 | Business
Bryce Covert

Whenever I bring up the predatory bank practices that keep people stuck in debt, usually the first push back I get is that credit cards can be useful. But this argument misses the point.

Mastercard's Profit Rises As People Spend More On Credit Cards

Posted 07.03.2011 | Business

NEW YORK (Maria Aspan) - MasterCard Inc's first-quarter profit rose 24 percent, beating expectations, as consumers spent more money on their credi...

Debit Interchange: Those Who Can Least Afford It Will Be Hurt Most

Bill Cheney | Posted 05.29.2011 | Business
Bill Cheney

Attempting to narrowly cast debit interchange as some type of deserved comeuppance for Wall Street banks misses a much broader and consumer-oriented picture.

Zach Carter

Senators Back Delay In Crackdown On Fees That Yield Billions For Banks | Zach Carter | Posted 05.25.2011 | Politics

WASHINGTON -- On Tuesday, a group of nine senators led by Montana Democrat Jon Tester put their names behind legislation to delay the Federal Reserve'...

The Bankers' New Goat

David Balto | Posted 05.25.2011 | Business
David Balto

Eventually, our ancestors gave up the practice of sending away a goat to atone for their sins. We can only hope the bankers reach a similar enlightened age and stop blaming others for their own business decisions.

JPMorgan Considers Spending Limit On Debit Cards

CNN | Blake Ellis | Posted 05.25.2011 | Business

JPMorgan Chase, one of the nation's largest banks, is considering capping debit card transactions at either $50 or $100, according to a source with kn...

Debit Card "Swipe" Fees: Will Low-Income Consumers Be Protected?

Preeti Vissa | Posted 05.25.2011 | Business
Preeti Vissa

A rule change being considered by the Federal Reserve Board could have a big effect on banking services -- and on whether low-income Americans are able to access those services.

Bugged by Food Shoppers Who Don't Bag

Dave Astor | Posted 05.25.2011 | Home
Dave Astor

Shoppers should want to do their own bagging. After all, some cashiers have been known to place a gallon of orange juice on top of your bottom-of-the-bag bananas.

Boom Times for the Food Stamp Economy

Bryce Covert | Posted 05.25.2011 | Business
Bryce Covert

You might think that if you're on food stamps, big banks won't be very interested in you. But it turns out that you're actually part of a profitable business for big bank JPMorgan.

A Dozen Ways to Eliminate the Middle Class

Tom Shachtman | Posted 05.25.2011 | Business
Tom Shachtman

Cleaning out my files at year's end, I came across notes that I wrote in early 2002 on a dozen ways to eliminate America's middle class through the actions of government and private industry.

Treasury Launches Debit Cards For Tax Refunds

The Huffington Post | William Alden | Posted 05.25.2011 | Business

Americans without bank accounts may soon be able to carry debit cards. The Treasury Department is rolling out a new program to let people collect tax...

Zach Carter

Community Banks Win By Losing: Inside The K Street Hustle | Zach Carter | Posted 05.25.2011 | Business

WASHINGTON - During the fight over Wall Street reform, community banks were most often pitted against their behemoth rivals. Small banks, which hold g...

Banks Replace Old Fees With New Ones

The Huffington Post | William Alden | Posted 05.25.2011 | Business

In response to new regulations, banks are carefully guarding one of their most reliable profit streams: the fees they charge customers for basic banki...

Why You Should Care About Hidden Interchange Fees in 2011

Patrice Peyret | Posted 05.25.2011 | Business
Patrice Peyret

The proposed cap is not a good first step. It will surely ignite an endless debate by less-than-candid incumbents about why the chosen number is wrong.

Should You Use Credit Or Debit Cards For Travel?

AOL Travel News | Posted 05.25.2011 | Travel

Debit cards are a popular method of payment for a reason: they offer quick access to cash and are as convenient to use as credit cards, and don't come...

What's Hot -- and Not -- About Prepaid Debit Cards

Beverly Blair Harzog | Posted 05.25.2011 | Business
Beverly Blair Harzog

With a credit card, you're protected by federal law. With a debit card, though, it's as if you paid cash and there's no recourse if the seller skips town.

The iPhone5 Debit Card -- Coming soon?

Brett King | Posted 05.25.2011 | Business
Brett King


Three Reasons Why I Started

Aaron Patzer | Posted 05.25.2011 | Business
Aaron Patzer was born in early 2006 out of my frustration with existing personal finance tools. Since age 15, I had used tools like Microsoft Money and Qu...

The Unfortunate Trend Toward Prepaid Debit Cards

Tim Chen | Posted 05.25.2011 | Business
Tim Chen

Consumers are moving away from credit cards and relying more and more on debit cards. What worries me is that consumers are also relying more on their vicious twin cousin, the prepaid debit card.

For College Students, Credit or Debit is the Question

Patrice Peyret | Posted 05.25.2011 | College
Patrice Peyret

As college students head back to campus, a financial question of the moment for students and parents is whether to set up credit or debit accounts to ...

Overdraft Protection Expires: No More Overdraft Fees Without Opting-In

Huffington Post | Adam J. Rose | Posted 05.25.2011 | Business

The era of the $35 cup of coffee has come to an end, for most. Unless a consumer chooses to opt-in for overdraft protection, their ATM and debit pu...