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Credit Cards Transfer Money From Poor To Rich Households: Study
What's Your Reaction? Credit cards do more than drain money from your wallet -- they may actually create an "implicit money transfer" from the poor to the rich, according to a new study from the Boston Federal Reserve.
www.huffingtonpost.com
Do Credit Cards Siphon Money From the Poor to Rich?
A recent study published by the Federal Reserve Bank of Boston paints a revealing portrait of "reverse wealth distribution" perpetrated by credit card companies. Together, rewards programs (which encourage cardholders to buy frequently to rack up points to get cash back) and merchant fees (a 1-2 percent transaction fee imposed on credit card purchases) combine to create a consumer environment ...
news.yahoo.com
Lessons from my worst money blunders: credit card emergency fund
Depending on credit cards for emergencies can land you deep into debt quickly. Putting just a little bit away each month instead could save you from financial crisis.
www.csmonitor.com
Credit Cards For Bad Credit
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www.klue.com.my
MP slams prepaid credit cards in House of Commons
Labour MP Geraint Davies has presented a bill in the House of Commons demanding an end to anonymous prepaid credit cards and proposing fines for credit card companies whose products are used to purchase child abuse images.
www.computeractive.co.uk
Hacker takes swipe at Tobyhanna credit union debit cards
Nearly a dozen debit cards issued by Tobyhanna Army Federal Credit Union were tapped into by computer hacker who tried to make purchases in Illinois, a credit union spokeswoman said Tuesday."This is something we found out about just yesterday," said Nin
standardspeaker.com
Farmer's Market Now Accepting Credit Cards
Good news for those of you who love fresh produce, but don't always have cash on hand: the Farmers Market at Founders Park now accepts credit cards. The stands of fresh produce and flowers have set up a system where you can pay for goods with your debit or credit cards.
www.newscenter1.tv
Credit Cards Take From Poor, Give to the Rich
Merchant fees and reward programs offered by many credit-card issuers essentially take money from those who have the least and give it to those who have the most, a Boston Fed paper said. The imbalance may have to be remedied via government intervention, the authors argued.
blogs.wsj.com
Deputies: Prison Escapee Stole Credit Cards
A man arrested for stealing credit cards from a Gold’s Gym is an escapee from the Department of Corrections, according to a release from the Anderson County Sheriff’s Office.
www2.wspa.com
Police searching for man suspected of using stolen credit cards at Meijer store in Oshtemo Township
Police are searching for a man who they allege broke into a car at a local gym Monday and swiped credit cards that he later used at a store, authorities said.
www.mlive.com
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