Whenever someone uses a credit card to buy a scoop of mango ice cream at one of Victor Garcia’s shops in Texas, the financial system takes a bite. Credit card fees gobbled up more than $25,000 of Garcia’s sales last year. He’s now posted signs at his two shops near Fort Worth urging customers to […]
Tag: Credit Cards
As pandemic cash dwindles; day of reckoning is near
US consumers are approaching a reckoning as the excess cash they built up during the pandemic dwindles. How they respond will help determine whether the world’s largest economy can dodge a recession. Over the past two years, consumers have drawn down the more than $2 trillion in extra savings they accumulated during the pandemic in […]
Senators demand credit card companies to stop tracking gun store sales
Senate Republicans are urging major credit card companies to reverse the decision to categorize gun shop purchases separately. Sen. Roger Marshall, Kansas, is leading a group of 12 GOP senators in demanding that the CEOs of Visa, Mastercard and American Express scrap plans to track gun store sales. The companies recently announced they would apply […]