Posts Tagged ‘credit cards’
Dodd Frank legislation created federal agency monitoring 75% of our credit card transactions
Excuse my blunt question. Why the hell does some federal government agency need to monitor and track the use of my credit card?
Read MoreDemocrats and Obama crush financial options for low-income families
In November, I wrote about how the payday loan industry is being regulated out of business as government know-it-alls determined they were bad for consumers. Regulating the industry took an option away from consumers in need, but as it turns out, the Dodd-Frank credit card reform legislation – effecting more traditional financial institutions – makes…
Read MoreObama on the evils of credit cards
We used to say the company that gets a union deserves a union. On Friday the President outlined the reasons behind the new credit card legislation and I can’t say that I disagree with many of the things he says here … whacking people who pay on time with higher rates to boost profits may…
Read MoreExpect new credit card fees now that Obama is involved
The Obama administration and many in Congress – including our good friend Sen. Chris Dodd (D-Conn.) – are pretty disgusted at the contracts that are in place between credit lenders and credit card holders. The exorbitant fees and interest rates are just too much, and the federal government is planning regulatory legislation to stomp out…
Read MoreHouston drops idea to pay off personal debt
A proposal to hand out $3,000 to individuals who did not have good enough credit score to qualify for mortgages has been crossed off the Houston city council agenda this week. The idea was to use the $3,000 to help individuals improve their credit score by a few points so they would qualify to buy…
Read MoreTesting McCain and Obama web sites – credit card fraud
After all of the activity concerning the Obama Web site and how it seems a bit “loose” in how it collects credit card donations, I’m taking one for the team and testing it myself. Author note: While I’m away from the computer, I’m republishing my top 20 posts from 2008 each afternoon. -Steve (by the…
Read MoreMainstream media catching on to illegal Obama donations
Web site transaction security stuff has been standard operating procedures for years at just about every e-commerce site in business – except for the Obama campaign donation site. Late last week I tested both the McCain and Obama sites by trying to send $10 to each campaign using a real credit card number and expiration…
Read MoreMainstream media catching on to illegal Obama donations
Web site transaction security stuff has been standard operating procedures for years at just about every e-commerce site in business – except for the Obama campaign donation site. Late last week I tested both the McCain and Obama sites by trying to send $10 to each campaign using a real credit card number and expiration…
Read MoreUpdated: Testing McCain and Obama web sites – credit card fraud
After all of the activity concerning the Obama Web site and how it seems a bit “loose” in how it collects credit card donations, I’m taking one for the team and testing it myself. But instead of just testing Obama’s site, I’m testing the McCain site too. Note that neither of the sites ask for…
Read MoreIf You Can’t Afford It…
The Hartford Courant – along with a bunch of other MSM outlets – released an AP news story detailing how more and more people are falling behind on their credit card debt. The value of credit card accounts at least 30 days late jumped 26 percent to $17.3 billion in October from a year earlier…
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