Holly Morrison

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This Week in Credit Card News: Debit Fees, Durbin And Credit Alternatives

<i>The Math Behind Bank of America’s $5 Debit Fee</i><p>Why $5 a month? Because that’s a reasonable amount to assume the bank will lose per customer under the new debit swipe fee structure. Assuming the average customer makes 25 debit card transactions each month, that equates to $5 per customer that Bank of …

Senator Durbin: Don't sell us short on Social Security | US & Canada

To: Majority Whip, Dick Durbin, US Senate<p>From: Your pal, Cliff<p>Dear Dick,<p>I must have been a bit hard of hearing while watching you this past week on FoxNews Sunday—the hard of hearing being the key Fox demographic, after all—but I think I heard you say that Social Security in the United States "is …

Budget deal still short of votes to pass Senate: Durbin

WASHINGTON (Reuters) - Senate Democrats are still short of the votes needed to pass a budget deal that would avoid a government shutdown in January and blunt automatic spending cuts, Senator Dick Durbin, the chamber’s No. 2 Democrat, said on Sunday.<p>“The struggle is still on in the United States …

Durbin: Jobless benefits not a budget deal-breaker

Extending long-term unemployment benefits is not critical to reaching a budget deal, Sen. Dick Durbin (D-Ill.) said on Sunday. The long-term benefits expire at year's end and while Democrats have pushed for an extension, they appear to be open to passing it outside of a budget agreement.<p>"I don't …

Dick Durbin: Budget Deal Still Short Of Votes To Pass Senate

WASHINGTON, Dec 15 (Reuters) - Senate Democrats are still short of the votes needed to pass a budget deal that would avoid a government shutdown in January and blunt automatic spending cuts, Senator Dick Durbin, the chamber's No. 2 Democrat, said on Sunday.<p>"The struggle is still on in the United …

Sen. Dick Durbin Accuses For-Profit College Chain Of Defrauding Taxpayers

A top Senate Democrat on Thursday called for the Obama administration and collegiate accreditors to investigate whether a major for-profit college company, Corinthian Colleges Inc., systematically deceived students, government officials and taxpayers by inflating its job placement rates.<p>Citing a …