About a year ago, new legislation was passed in Congress that sought to put some curbs on the types of fees that a credit card company could charge for swipe fees. Prior to the new laws, the credit card companies were able to pull in billions of dollars from merchants and customers on a regular basis. The new laws would severely limit these fees and it would reduce the companies’ intake by billions... Read More

After striving to get a victory for a long time, retailers have finally come to see the light of day with an amendment concerning the fees extracted when debit and credit cards are used at retail stores. The Washington Post article, written by Brady, Dennis and Ylan Q. Mui, said that the amendment, which was passed on May 14, 2010, now gives retailers the right to control the fees that are charged... Read More

How couldn’t you? When I open my credit card bill now, right there in the middle of the page a big box is glaring at me. In big bold letters it proclaims: Minimum Payment Warning. Have you read yours? It is downright scary. On mine it came out to almost double of what I owed if I only payed the minimum amount due and it took 8 years to pay it off! Who wants to do that? How many laptops do you... Read More