People who are so poor that they’re selling their own blood plasma are being paid with prepaid debit cards that include exorbitant fees that go to big banks. That just seems like a very mean thing to do, frankly.
Prepaid Debit Cards Are a Great Way for Banks to Soak the Poor
If ever you become misty-eyed and soft-hearted after watching a few too many soft-focus sunlight-drenched bank ads full of friendly professional women and smiling minorities who've just bought their first homes, it's good to remind yourself that big banks are, fundamentally, soulless robots whose only aim is to…
More Banks Scrap Debit Card Fee Idea
Now Sun Trust and and Regions Financial have joined Wells Fargo and J.P. Morgan Chase & Co. in deciding that charging customers debit card fees on purchases is a stupid idea, the Wall Street Journal reports. This makes Bank of America the only loser bank among America's largest loser banks to keep its $5 fee plan. Way…
Banks: Maybe Debit Card Fees Are a Bad Idea
Not so long ago, Bank of America decided that a good way to refill its slightly-less-bulging-than-usual pockets would be to charge people a monthly fee for their debit cards. "This won't cause a massive public backlash at all, probably," they thought to themselves, while setting a box of puppies aflame.
Your Debit Card Is About to Start Costing You Money
I have an idea: I ask you to loan me some money. Then when it's time for me to pay you back, I'll charge you a fee, for holding that money, and another fee, for giving the money back to you. Welcome to the modern American consumer banking system.
Banks Lose in Washington's Most Heavily Lobbied Battle
The $16 billion battle between retailers and banks over new caps on debit card swipe fees appears to have been won by... retailers! The Senate was unable to pass an amendment today that would've "delayed" (killed) the caps' implementation.
Guess Who's Speaking Up on Behalf of the Poor Banking Industry?
You may be aware that the banking industry is currently engaged in a furious lobbying campaign to avoid the frightening prospect of being forced to lower the fees it charges retailers every time you use your debit card to buy something. It would just put "unfair profits" into the pockets of retailers, while forcing…
How Banks Scare Us Into Becoming Little Bank Lobbyists
"Bureaucrats want to take away your debit card!" Seems unlikely. But that's the best slogan the banking industry could come up with to try to enrage consumers about a proposal to cut the fees that banks can charge to retailers when you use your debit card to buy something.
What New Fees Will Banks Screw You With This Year?
Recent laws have limited what fees banks are allowed to charge for certain services. So naturally, banks are dreaming up an entirely new set of fees on other services to make up for it. Below, a quick guide.
The Kardashians Kut Ties with Their Kredit Kard
The Kardashians are kutting ties with the kompany selling their kompletely terrible pre-paid debit kard.
Sloganeering Towards Fallujah
The Way We Live Now: Boldly Embracing Change. We must Move Forward and Evolve With Strength and Reward Success and other such buzzwords, if we are to survive as a nation in which people "buy" things. Not that you can.
