Citi is doing a number on its own and the Mastercard brand name with cringe-makingly inept and dishonest credit card operations.
Read more...The coronavirus spread is setting up a nasty real economy-financial system contraction.
Read more...The concern is not for banks or investors in subprime-credit-card backed securities. But what does this bifurcation tell us about consumers?
Read more...New York City Council passes legislation requiring businesses to accept cash to take effect nine months after signing by mayor Bill DiBlasio.
Read more...Subprime loan repayment continues to deteriorate. What is going on?
Read more...Pondering the challenges of being old now.
Read more...Young people with pretty high incomes are sinking under debt.
Read more...Credit card companies are paying for their stinginess via being exposed to rapidly rising levels of fraud.
Read more...Facebook wants to become a big payments system player. Good luck with that.
Read more...A new bill by Bernie Sanders and Alexandria Ocasio-Cortez seeks to limit credit abuses and make banking more accessible.
Read more...War on cash- issues and complications undermine business case for till-free stores.
Read more...FIS and Worldpay are merging, hyping that they’ll be a bank in a box. Clive looks under the hood and doen’t like what he sees.
Read more...Consumer debt continues to grind upwards.
Read more...Michael Hudson discusses the economic impact of not writing down debts in the wake of the crisis.
Read more...Another IT outage in the UK serves as pushback to the war on cash, with even the ECB conceding it doesn’t foresee a totally cashless society, leaves those relying on credit cards alone to make payments vulnerable.
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