Cybercrime / Privacy

Merchants say their fraud bill is up 20-fold since chip credit card switch; lawsuit alleges bank industry conspiracy

Why can't you use those chip cards? Well, it's a billion-dollar question. Read more:… Posted by Bob M Sullivan on Tuesday, April 5, 2016 Get ready for the next billion-dollar fight in the credit card industry. Two small merchants in Florida say the industry’s shift to chip-enabled credit cards has caused them a [Keep reading]

Gotchas / Consumer

The ‘Forbidding Airlines from Imposing Ridiculous Fees (FAIR) Act’ — every industry should have one

Where to begin with this spectacularly-named legislative proposal?  The Congressional Office of Clever, Original Acronyms (COCOA)  deserves a bonus for this one. We all hate airline fees, so a bill to reign them in is playing to the crowd.  That’s what Senators Edward J. Markey (D-Mass.) and Richard Blumenthal (D-Conn.) did yesterday [Keep reading]