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Debit Cards

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...

Wells Fargo Overdraft Lawsuit: Bank Ordered To Pay $203 MILLION In Fees Over 'Unfair' Charges

Posted 05.25.2011 | Business

NEW YORK (AP, Eileen Aj Connelly) -- A federal judge in California ordered Wells Fargo & Co. to change what he called "unfair and deceptive business p...

Debit Fee Cut Is Rare Loss For Big Banks

AP | MARK JEWELL | Posted 05.25.2011 | Home

BOSTON — Congress appears poised to tighten restrictions on the fees that merchants pay when customers swipe debit cards at cash registers. An ...

New Senate Rules Hit Card 'Interchange Fees' - And Shopping Could Become Cheaper

AP | By JIM KUHNHENN | Posted 05.25.2011 | Business

WASHINGTON -- Striking at a lucrative bank business, the Senate on Thursday voted to force credit card companies to reduce fees for debit card transac...

Accepting Credit Cards: 5 Things You Need To Know

The Huffington Post/AOL Small Business | Geoff Williams | Posted 08.06.2011 | Small Business

Sure, some businesses are cash-only and do just fine -- the local ice cream parlor, the greasy spoon diner down the street, the flea market that's bee...

End of Free Checking a Financial Squeeze: How Employers Can Help

Clare J. Morgan | Posted 05.25.2011 | Business
Clare J. Morgan

The free checking accounts many Americans enjoy will soon be a thing of the past as banks scramble to find new ways to recoup overdraft charges and other fees they're no longer allowed to impose.

How The Financial Reform Bill Affects Your Everyday Life (PHOTOS)

Posted 05.25.2011 | Business

NEW YORK (By Rachel Beck, AP) - The financial overhaul is about more than exotic derivatives and complex risk assessments. It will change how you inte...

Democrats, Don't Do This to the Poor!

Russell Simmons | Posted 05.25.2011 | Politics
Russell Simmons

No one has yet been able to tell me how Sen. Durbin's amendment will keep the under-served from being hurt by higher fees for the very basic service that debit cards provide.

Credit And Debit Card Swipe Fees: Who Should Pay?

DailyFinance | CHARLES WALLACE | Posted 05.25.2011 | Business

When you go into a convenience store, should you be able to get a discount for using a debit card instead of a credit card? Should a store owner be al...

Garnished Wages For Working Poor: Banks And Debt Collectors Often Go After Borrowers, Win

New York Times | JOHN COLLINS RUDOLF | Posted 05.25.2011 | Business

One of the worst economic downturns of modern history has produced a big increase in the number of delinquent borrowers, and creditors are suing them ...

The Latest Case of Big Banks Betting Against the Customers

Rob Rubin | Posted 05.25.2011 | Business
Rob Rubin

Casinos bet against their customers. Should banks? It seems like some do by encouraging us to use our debit cards so they can then hammer us with fees when we overdraw our accounts.