Bottom line is you are right it is very sad, We need to stop hurting each other. The banks are crying about possibly losing $20.5 billion dollars because the new consumer safety bill will reduce their profit from debit card transactions from $0.44 to $0.12 per transaction. The Banks could probably cover that if they […]
In addition to the fees they charge for loans, fees (often 20+%) they charge on credit cards, fees they charge for checking accounts, Bank of America, J P Morgan Chase, U S Bancorp, Citigroup make $20.5 billion off of the use of debit cards. This $20.5 billion is “free money.” The debit cards automatically transfer […]
The last thing GW did was to pass on to the banks a free, no strings, no oversight gift of $700,000,000,000 [that’s $700 billion] of your hard earned tax dollars. Because we did not actually have any $$$ in the bank, as it were, he borrowed the money from the Chinese to do it. You […]
There are several new phones coming out next year that will have RFID stickers on them, enabling you to pay for your purchases with just a swipe of your cell phone. It all sounds convenient until you learn that retailers want access to your cellphones and social networks for marketing purposes. When users pay for […]