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Credit Cards Transfer Money From Poor To Rich Households: Study
What's Your Reaction? Credit cards do more than drain money from your wallet -- they may actually create an "implicit money transfer" from the poor to the rich, according to a new study from the Boston Federal Reserve.
www.huffingtonpost.com
Credit Cards Take From Poor, Give to the Rich
Merchant fees and reward programs offered by many credit-card issuers essentially take money from those who have the least and give it to those who have the most, a Boston Fed paper said. The imbalance may have to be remedied via government intervention, the authors argued.
blogs.wsj.com
Deputies: Prison Escapee Stole Credit Cards
A man arrested for stealing credit cards from a Gold’s Gym is an escapee from the Department of Corrections, according to a release from the Anderson County Sheriff’s Office.
www2.wspa.com
Credit cards on campus: CU-Boulder says students, parents need to be financially prepared
University of Colorado senior Elisa Levinson has been tempted by credit card offers and promotions for the last three years -- but after learning from her brother's mistakes, she'll graduate from college credit card free.
www.dailycamera.com
Credit cards: Popularise debit cards
IT is high time the government popularises the use of bank debit cards to pay for all types of utilities and goods. Debit cards should be used at post offices and retail outlets instead of credit cards.
www.nst.com.my
Credit Card Fees Create Larger Gap Between Wealthy and Poor, Bank Says
Credit cards are widening the gap between the rich and poor, according to a study released by the Federal Reserve Bank.
www.theepochtimes.com
Credit cards on campus: CU-Boulder says students, parents need to be financially prepared
CU junior Alan Lorditch pays with a credit card at Baby Doe s in the University Memorial Center on Monday. The psychology major says he uses plastic because it s more convenient.
www.coloradodaily.com
Hacker takes swipe at Tobyhanna credit union debit cards
Nearly a dozen debit cards issued by Tobyhanna Army Federal Credit Union were tapped into by a computer a hacker who tried to make purchases in Illinois, a credit union spokeswoman said Tuesday."This is something we found out about just yesterday," sai
thetimes-tribune.com
Hacker targets Tobyhanna credit union debit cards
Nearly a dozen debit cards issued by Tobyhanna Army Federal Credit Union were tapped into by a computer hacker who tried to make purchases in Illinois, a credit union spokeswoman said Tuesday.
citizensvoice.com
Credit Suisse: Here's Why A Double Dip Is Still Not In The Cards
Credit Suisse is still in the weak economy, but stay long equities camp. They say the risk of a double dip is very low and history backs their claims.
www.businessinsider.com
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