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TAXING PENALTIES

Are you considering filing your personal tax return after April 15th because your records are in disarray, you owe taxes and your bank account is drained or because you would rather go shopping. There is good news and bad news. BAD NEWS Unless you have applied for an extension and Continue Reading

BREACH IRONY

If there was one U.S. credit card issuer and U.S. retailer that had the foresight to see the “chinks-in-the-chain” of credit/debit card security it is Target. The irony is Target is currently being demonized unfairly for a credit card/debit card data breach, even though they were the first national retailer Continue Reading

EVERYDAY CARD?

There is a new no-annual-fee credit card on the horizon in April that may look appetizing but it appears to be nothing more than a middling in the U.S. credit card market. American Express, a payment card many merchants abhor, especially low margin merchants like supermarkets, is getting ready to Continue Reading

TAXING ISSUES

The peak of the tax season is upon us and if you have any plans to call the IRS for help FUHGEDDABOUTIT!!! The IRS Taxpayer Advocate, the ombudsman of the IRS, says nearly 40% of taxpayers calling the IRS last year were so exasperated they hung up after waiting too Continue Reading

HANDS-FREE PAYMENTS

You walk up to the check out register wearing your Google Glasses, you hand over the stuff to be scanned, the clerk hits the magic button on the payment terminal to generate a QR code for the transaction, you launch your payment app, tap the side of your glasses, look Continue Reading

WORST CREDIT CARD 2013

Despite reforms in the bank credit card industry cleaning up some of the bad business practices and the establishment of the Consumer Financial Protection Bureau, the bad boys of the business are still on the loose. South Dakota-based First Premier Bank continues to be notorious for preying on the bad Continue Reading

WHAT DID THE CFPB DO FOR ME IN 2013?

The Consumer Financial Protection Bureau (CFPB) was a hive of busy bees last year kicking some serious butt including credit card issuers, mortgage lenders, payday loans, bank deposit advance loans, collection agencies, to name a few. All for bad business practices that were determined harmful to American consumers.  The Dodd-Frank Continue Reading