Remember that swipe fee measure that passed the Senate twice? It lowered the amount credit card companies can charge merchants to $.12 a transaction. It was a stunning victory that retailers (which admittedly includes WalMart but also includes your locally owned business struggling to stay in business) won that battle twice. Well, lucky for the [...]

The other day I summarized a National Consumer Law Center report showing how some banks–particularly US Bank and JP Morgan–are screwing those who receive unemployment funds on debit cards with exorbitant fees. WSJ did a story on the report, too, with this appalling detail. Banks are barreling into the business, led by J.P. Morgan Chase [...]