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% …
Tag: Citizen Wealth
Courts Become Gateway to Debtors Prison
New Orleans A harrowing article in the Wall Street Journal documented the success that bottom fishing debt collection agencies are having at ripping the last pennies from working families being crushed in court over relatively small claims. I wish this were news, but of course the story is all too familiar. The big debt predator …
The Call to Citizen Action
Lafayette College, Easton, Pennsylvania It was fun to talk to the crowd of more than 100 students crammed into the auditorium on a clear, brisk fall night. It was a back-to-the-50’s group of largely fresh faced, white teenagers and just twenties folks, largely drawn from the Middle Atlantic student catchment area, who in the main …