Topic of the Week
Think your funds are protected against debit card fraud? Think again.
Greater than 25 percent of sever database breaches in the US involve credit and debit cards, according to the Identity Theft Resource Center. While there are laws that limit consumers’ liability for fraudulent charges, there are instances where debit card users may be left footing the bill.
Listen live this week to Credit Talk Live USA Worldwide as we tackle this issue.
Song Pick of the Week
Off The Wall Segment
Love, lust, seduction, satire, politics, and personal observations are woven seamlessly together into a beautiful tapestry of intellectual intercourse. 200 pages of new poetry plus never before seen illustrations from author, activist, & cultural arsonist Otep Shamaya.
Jackass of the Month
Former Presidential candidate Michele Bachmann has given up her hopeless crusade to win the White House, but she doubled down in the run up to the Iowa caucuses by making sure conservative Hawkeye voters know that she hates gays more than all of the other candidates.
At a stop in Council Bluffs, IA she told supporters that she’s “100% on the side of life,” which is Tea Party dog whistle talk for “I love zygotes so much and have never ovulated.” But she really dug in on the issue of gay rights.
2011 has to be considered the year of annoying fees for consumers. The latest example? Angry Verizon Wireless customers took to chat forums and social networks on Thursday after the company said it would begin to charge customers $2 for making one-time bill payments online or by phone using a credit card.
Christmas holiday shopping season is the most important time on the retail sales calendar, even more so in a year of economic uncertainty. Retail industry professionals, investors, and analysts are obsessed with doing research and making predictions about how consumers will shop and behave.
Join us on Credit Talk USA Worldwide Live this week at a special time, Wednesday 11/16, as we discuss the bank transfer movement. More than 40,000 people joined credit unions during the “Move Your Money” and “Bank Transfer Day” movements this past Saturday, continuing the exodus of customers fed up with big banks.
Airline and train travelers were diverted and halted from their final destinations this weekend as harsh weather across the Northeast crippled airline and Amtrak service, with some passengers stuck for up to 14 hours.
Bank of America will no longer begin charging their customers debit card fee of five dollars a month to use their cards, a proposal which drew intense consumer and political backlash since announced in late September. BOA says “We have listened to our customers very closely over the last few weeks and recognize their concern with our proposed debit usage fee,” Bank of America co-COO David Darnell said in a written statement. “Our customers’ voices are most important to us. As a result, we are not currently charging the fee and will not be moving forward with any additional plans to do so.”
