CreditSlips

Cramming Funny Fees Onto our Phone Bills: Not so Funny

04/09/12

Two weeks in a row, the Haggler column in the New York Times focused on cramming, one of the most damning and profitable scams in the consumer world.  Cramming is tacking unrequested services onto land line bills and now cell phone bills, such as celebrity gossip news, daily horoscopes, e

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Thank You to Bill Maurer and Stephen Rea

04/09/12

Last week, Credit Slips was fortunate to have the thoughtful insights of Bill Maurer and Stevie Rea on payments systems.

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Platform, infrastructure, utility?

04/07/12

While we’ve been blogging, Stevie has begun his dissertation fieldwork in Korea. He emailed Bill the other day: “Yesterday I opened a bank account here in Seoul, and conducted the entire interaction in Korean. For some reason, I don't get an ATM card, which is really strange. But in all likelihood I had no idea what the teller was trying to say to me, so I might end up getting a card in the mail next week or something.

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Revival on the Head of a Pin: Do U Pari Passu?

04/06/12

Argentina and its most intransigent creditors are duking it out again (or still) in the Second Circuit, reviving the crazy battle over the meaning and import of the pari passu (equal treatment) clause in sovereign debt contracts. For the small but committed contingent of pari passu pointy heads, this is WorldCupOlympicMarchMadnessSuperBowl. For everyone else, this bears watching because an obscure turn in the Argentina story could open the door to enforcement against sovereign debtors in general.

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Pari Passu Party (on behalf of Anna Gelpern)

04/06/12

This is Adam Levitin posting for Anna Gelpern.  Only the awful illiterative post title is mine.  Here's Anna:

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Does this Look like a Valid Credit Card?

04/05/12

I thought so.  This is actually the key to my room from a recent business trip. I guess the symbolism is that this is also the key to life, right? It is also another example of how credit card comanies have inflitrated college campuses. DSCN0962

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Cash as social infrastructure

04/05/12

Sticker in San Francisco: "Of course it's cash-only, it's the Mission."

Overheard: "Oooh, yeah, no, we don't take cards. Because the coffee is, like, local?" (both items courtesy Lana Swartz)

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Why Us?

04/05/12

What does it mean that the two most common forms of comment spam on this blog are people trying to sell sunglasses or handbags?

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