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Keyword: financialinsecurity

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  • A Point of View: The revolution of capitalism

    09/04/2011 4:26:04 PM PDT · by chickadee · 31 replies
    BBC News Magazine ^ | 9/3/2011 | John Gray
    In fact, in Britain, the US and many other developed countries over the past 20 or 30 years, the opposite has been happening. Job security doesn't exist, the trades and professions of the past have largely gone and life-long careers are barely memories. If people have any wealth it's in their houses, but house prices don't always increase. When credit is tight as it is now, they can be stagnant for years. A dwindling minority can count on a pension on which they could comfortably live, and not many have significant savings. More and more people live from day to...
  • US Banks Begin Charging Debit-Card Fees

    08/19/2011 10:33:05 AM PDT · by throwback · 53 replies
    Fox Business ^ | August 17, 2011 | Matthias Rieker
    <p>NEW YORK -(Dow Jones)- Wells Fargo & Co. (WFC) is joining a growing number of banks that are introducing or testing a monthly fee for debit cards, casting around for revenue lost to debit-card regulatory restrictions.</p> <p>Wells Fargo, the nation's second-largest bank by deposits, will charge a $3 fee for debit and automated-teller-machine cards as of Oct. 14 in several states if such cards are used for purchases (but not for ATM usage). The bank said it is a pilot program, and it will monitor how people respond.</p>