News Topic: Credit & Debit Cards

Today is your last chance to comment on the CFPB's Advanced Notice of Proposed Rulemaking on Regulation F , regarding debt collection.  I had the pleasure of working with  Pat McCoy on a joint comment to the ANPR. ... Read full article

... Read full article

Let's be really clear about what most identity theft is about:  it's about payments data.  Identity theft is first and foremost a payments fraud problem. ... Read full article

I'm going to wade into unchartered Slips waters today and head into Bitcoinland. I've been trying to understand Bitcoin from a payment systems perspective, where it has an interesting problem and solution:  double spending.  The lesson in all of ... Read full article

For years, "product innovation" in financial services made consumer advocates squirm. This was the cover term for the 2/28 teaser ARM, automatic and costly overdraft protection, and direct deposit "payday" style loans. It was a great ... Read full article

Judge Rakoff issued an opinion  today holding that the New York state credit card no-surcharge law violates the First Amendment of the US Constitution because a "surcharge" and a "discount" are two ways of expressing the same thing, ... Read full article

All's Quiet on the American Front in the interchange wars.  But there has been some action to report in Canada and the EU. In Canada, the federal Competition Tribunal dismissed the suit  brought by the Canadian antitrust authority against Visa and ... Read full article

Felix Salmon has an interesting and provocative piece arguing Why Mobile Payments Will Never Take Off . The problem, Felix observes, is that none of the mobile payment systems around really offer any improved convenience over plastic. ... Read full article

"Make ... Read full article

... Read full article

Wow. Credit card fraud really can happen to anyone, as the Washington Post's Al Kamen reported this afternoon.  Apparently U.S. Supreme Court Justice John Roberts had his credit card number stolen and had to pay cash for his morning Starbucks. ... Read full article

Wow. Credit card fraud really can happen to anyone, as the Washington Post's Al Kamen reported this afternoon.  Apparently U.S. Supreme Court Justice John Roberts had his credit card number stolen and had to pay cash for his morning Starbucks. ... Read full article

Over at VoxEU , economists Daniel Aronson and Eric French have a discussion about the their research of the effects of a minimum wage hike. ... Read full article

Now that my last few posts have bludgeoned consumer financial education and at least bloodied disclosure, and given that my suggestion of comprehension requirements is completely untested as a means of consumer protection for financial products, what ... Read full article

February 27 is a big day for people interested in financial markets, consumer credit, and... well, many things of interest to Credit Slips readers. I'll be in New York, attending round two of the Second Circuit oral arguments in NML v. Argentina . ... Read full article

I had a weird night’s sleep and then openned up my e-mail to find this headline from credit and collection news “Does The Consumer Bureau Harm Those It Claims to Protect? & Study Predicts Millions Will Die In Credit Card Red.” The immediate ... Read full article

Community banks and credit unions are the darlings of Congress in the financial services industry. This is quite understandable--they play an important economic role in their communities and have a much greater civic presence than the big banks. The ... Read full article

There's a linguistic irony that "gift" is the German word for poison. What, then, should we make of the "gift card"?   Senator Richard Blumenthal's introduced new legislation, the Gift Card Consumer Protection Act (S.3636) ... Read full article