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Credit card debt: Payment info backfiring?

November 23, 2011

Legislation requiring credit card issuers to post how much it costs and how long it takes to pay off credit card debt by making minimum payments may be backfiring according to a study by two professors at Boston College. Marketing professor Kay Lemon and assistant professor Linda Salisbury assert that listing the minimum payment amount on [...]

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“Occupy” movement inspires consumers to ditch big banks

November 3, 2011

Consumer outrage over monthly service fees for using debit cards is causing many to jump ship to smaller financial institutions free of fees. The Occupy Wall Street protests and bank consumers’ ire are sending a message to financial institutions concerned with expanding profits at the expense of their struggling customers.  The NBC affiliate in San Diego reports that [...]

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