New Orleans The bleeding edge hope for technology in handling finance is often seen as Africa and more specifically Kenya and very pointedly mobile phones. To the degree a mobile phone system could obviate having bank accounts and ease the problems and costs of money transfer for remittances, this could be a good news except …
Tag: bank fees
No One Regulating Remittances
Toronto Preparing to meet with the ACORN International “intern army,” as I call them, at George Brown College today, I couldn’t help but laugh while using the Starbucks internet (thanks, fellas!) when I read that Jamie Dimon of JP Morgan Chase was over at Davos complaining about “banker bashing” and France’s President Sarkozy was forced …
Debit Charges and Senate Hucksters
New Orleans The Dodd-Frank Financial Reform Act called for the Federal Reserve to put an end to the debit card surcharge padding when that retailers were paying to banks and credit card companies, usually amounting to 44 cents a transaction. New Fed proposals would cap the amounts at 7 to 14 cents, about an 80% …