Did Our Grandparents Have It Easier?
Our parents and grandparents were paying much less for college tuition than we do. And higher education keeps getting ever more expensive. Where does it end?...
How Are Free Checking Accounts Faring?
After the Federal Reserve placed a cap on debit interchange fees in 2011, there has been an increase in the availability of free checking accounts in the U.S....
American Express Chargeback Reason Codes and Procedures
American Express uses three-digit chargeback codes to identify the reason a cardholder is disputing or inquiring about a particular transaction....
The U.S. Government Is Our Biggest Creditor and Other Statistics
In the post-Lehman years, the U.S. government and government-sponsored enterprises (GSEs) have teamed up to become the biggest holders of consumer debt, by far....
How Should Debit Interchange Fees Be Set?
Setting caps on interchange fees may help to improve market outcomes. However, setting the cap too low may result in unintended consequences....