Did the Durbin Amendment Make a Difference?

The Durbin Amendment contained a provision that limited the interchange fees merchants paid for debit card transactions. The thought was that retailers would lower their prices if these high swipe fees were decreased. But on the third anniversary of this … Continue reading

Aldi Now Accepting Credit Cards in England

Aldi, the retail food chain best known for its low prices, will lift the credit card ban for its stores in England beginning October 13. Until now, the store has operated on a cash and debit card payment system, but … Continue reading

LowCards.com Weekly Credit Card Update–August 15, 2014

Debt Collectors, What are Their Legal Limits? Collectors call again and again in the middle of dinner. They call the wrong person. They threaten. They take advantage of the latest technology to embarrass people. Often, they violate the law. Debt … Continue reading

Wells Fargo Overdraft Fee Policy Upheld by Court

Wells Fargo may once again charge overdraft fees based on its practice of posting customers' same-day debit card transactions in a high-to-low order. The U.S. Court of Appeals in San Francisco overturned a lower court ruling that ordered Wells Fargo … Continue reading