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News
Trump Again Calls for Credit Card Swipe Fee Reform
2+ day, 16+ hour ago (480+ words) WASHINGTON—President Donald Trump renewed his call for credit card swipe fee reform Wednesday evening, saying during the Republican midterm convention in Dallas that reducing the fees would save families money. “We will cut out-of-control credit card swipe fees, saving…...
Overlimit Authorizations: Enhancing Credit Card Portfolio Revenue by Managing Insufficient Funds Declines
2+ day, 17+ hour ago (106+ words) FICO As you were browsing something about your browser made us think you were a bot. There are a few reasons this might happen: - You're a power user moving through this website with super-human speed. - A third-party browser plugin, such…...
When good debt becomes bad debt: Warning signs, costly debt errors and practical ways to regain control of your finances
2+ day, 10+ hour ago (385+ words) Often attributed to Will Rogers, this is probably the most famous quote on debt: “Too many people spend money they haven't earned, to buy things they don't want, to impress people they don't like.” A loan can help you study,…...
Mastercard Sued by 300 Hotel Companies in UK Over Swipe Fees
3+ day, 8+ hour ago (420+ words) Mastercard has been sued by around 300 hotel companies in Britain over card payment fees, in the latest antitrust challenge over the costs merchants incur when accepting card transactions. According to Law360, the hotel companies are challenging Mastercard over multilateral interchange fees,…...
World's governments face $2T debt-servicing burden as borrowing costs hit two-decade highs
4+ day, 7+ hour ago (421+ words) OECD countries are now spending roughly 3% of their collective GDP just to service debt, with the US alone carrying a record $40 trillion in public obligations The world’s richest governments are now spending more than $2 trillion a year just to keep…...
Will Bank case could lead merchant acquirers to sue Mastercard
4+ day, 16+ hour ago (286+ words) Another complex issue involves payments being made by EFB Regimes Especiais de Empresas, the liquidator appointed by the Central Bank of Brazil (BC) to manage Will. In February, the Brazilian Association of Credit Card and Services Companies (Abecs) publicly complained…...
Watching Your Wallet: Curing the post summer debt hangover
4+ day, 8+ hour ago (19+ words) kfyrtv.com Watching Your Wallet: Curing the post summer debt hangover...
The $2tn debt burden is squeezing governments across the world
4+ day, 16+ hour ago (569+ words) Rising borrowing costs and record government debt are forcing major economies to divert more public money towards interest payments, limiting room for defence, infrastructure and other spending priorities. Governments across the world are facing a growing fiscal squeeze as the…...
???The president hasn???t fully understood??? the debt problem, economist says
4+ day, 12+ hour ago (78+ words) ‘The president hasn’t fully understood’ the debt problem, economist says cnn.com ‘The president hasn’t fully understood’ the debt problem, economist says Bianna Golodryga speaks to economist Betsey Stevenson, Professor of Public Policy, University of Michigan, about surging Treasury yields,…...
The US has a $40 trillion debt crisis. Billionaire Warren Buffett knows how to solve it
4+ day, 18+ hour ago (703+ words) America had a headline-grabbing milestone this summer. Unfortunately, it wasn’t our America 250 celebration. Rather, it was passing the $40 trillion mark on our national debt. $40 trillion is a number that is very difficult to get your head wrapped around. It’s more…...