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Category Archives: Research, regulation, industry reports

NYC cabbies don’t want your plastic

Jeremy Simon

Credit card readers may have been installed in nearly half of all New York taxi cabs, but that doesn’t mean that cabbies are welcoming plastic with open arms. In fact, Big Apple cab drivers are pretty hostile to card payments.
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Cap cash advance, payday loan interest rates, group says

Connie Prater

What really happens to people who take out payday loans…
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The ‘check is in the mail’ less often nowadays

Connie Prater

New statistics just out from the Federal Reserve Board give weight to what many of us know from our day-to-day lives. We’re writing fewer checks these days to pay the bills. It’s not that we’re not paying our bills, but…
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Study: Social lending poses threat to credit cards

Daniel Ray

New research says that person-to-person “social lending” will grow, grow fast, and that one of the major sources of demand for the loans will come from people who want to pay off credit card debt.

That’s good news for consumers, because more competition for card customers will exert downward pressure on everyone’s credit card rates.
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Fisticuffs over store credit cards

Jeremy Simon

Add this item to the list of dangers involved with store credit cards: In Wauwatosa, Wis., fists began flying after a promotion in a local Kmart resulted in approvals for anyone seeking a store credit card, reports television station WISN.
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