When Congress introduced credit card reform, the banks and credit card issuers reacted by jacking up rates and adding new fees. Likewise, with the Federal Reserve ruling that banks must reform the way debit card overdraft fees are assessed, there will certainly be unintended consequences: Banks are sure to react with new strategies that somehow siphon more money out of consumers. Basically, we’re all waiting for other shoe to drop. A shoe full of fees.
“Don’t do people favors without asking them.”
There’s a glaring snag in the landmark civil rights bill that was passed in Congress yesterday. Though it purports to protect workers from discrimination based on sexual orientation, it doesn’t cover the transgendered. First, a little background. When the Employment Non-Discrimination Act was introduced in April, it did include gender identity. But the version put [...]
