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Credit Card Fees are Killing Small Businesses There is no real competition in the market for credit and debit card swipe fees. Because Visa and MasterCard control 80% of the card market, they are able to dictate terms. The system … Continue reading →
Many college campuses now offer debit cards students can use to access their excess financial aid. These cards promise faster payments and better convenience over the traditional check. But students need to be aware of the fees with these cards. … Continue reading →
Each year, the CARD Act requires the Consumer Federal Protection Bureau to issue a report on the agreements between credit card issuers and institutions of higher learning and their affiliated organizations. The goal is to create more transparency in the world of college-affiliated … Continue reading →
Target Says 40 Million Credit, Debit Cards May Have Been Compromised in Security Breach Target said Thursday that credit and debit card account information for 40 million of its customers may have been stolen during the height of the holiday … Continue reading →
While it may seem unusual, a number of colleges in America do not accept credit cards at campus-based restaurants because they expect students to pay on their meal plans. Until now, Brown University has been one of those institutions. Brown … Continue reading →
CFPB Targets Banks' Campus Deals The Consumer Financial Protection Bureau is concerned that deals between banks and colleges steer students toward checking accounts and debit cards that come with high fees or other costs. Schools and the banks say any fees and other … Continue reading →
Many students will soon leave home for college, taking another step toward independence and managing money on their own. Students unprepared for new freedom can quickly go into debt and ruin their credit score. Parents need to make sure students … Continue reading →
Consumer Credit Growth Cools, Credit Card Use Sags In September, growth in consumer credit cooled as households appeared to use their credit cards less frequently. According to Federal Reserve data released this week, consumer credit grew $11.36 billion in September, lower … Continue reading →