Our hearts go out to the Japanese people and wish them all the luck in the coming weeks and months in dealing with the loss of loved ones, and in putting their lives and homes back together. Beyond the unimaginable human toll, the disaster in Japan has exposed serious longer term risks that have been
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While no thunderclap, JPMorgan Chase’s decision this week to drastically cut its debit rewards program is certainly indicative of what consumers should expect as a result of the post-crisis legislative and regulatory onslaught on the payments industry. Alone, actions like this by PNC Bank, Chase and Regions, among others, are probably not enough to pry many
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You heard it here first, folks. The New York Times reported March 2 that “American shoppers did not shed their reliance on credit cards over the year-end holidays.” As to why they used credit cards, The Times notes that “retailers tend to benefit from credit card spending, as it often means people are spending beyond their
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