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        <title>MedWorm Tags: credit cards</title>
        <description>MedWorm provides a medical RSS filtering service. Over 6000 RSS medical sources are combined and output via different filters. This feed contains the latest medical blog items that have been tagged with 'credit cards'.</description>
        <link><![CDATA[http://www.medworm.com/rss/search.php?qu=%22credit+cards%22&t=%22credit+cards%22&r=Exact&o=d&f=tag]]></link>
        <lastBuildDate>Sat, 03 Sep 2011 02:15:16 +0100</lastBuildDate>
        <item>
            <title>Financial Abuse in Relationships</title>
            <link>http://www.medworm.com/index.php?rid=4001810&amp;cid=t_213506_151_f&amp;fid=35818&amp;url=http%3A%2F%2Frecoveryissexy.com%2Ffinancial-abuse-in-relationships%2F</link>
            <description>What is economic or financial abuse of a spouse or domestic partner?
Economic or financial abuse includes:

Withholding economic resources such as money or credit cards. 
Stealing from or defrauding a partner of money or assets. 
Exploiting the intimate partner’s resources for personal gain. 
Withholding physical resources such as food, clothes, necessary medications, or shelter. 
Preventing the spouse or intimate partner from working or choosing an occupation. 

These symptoms may occur in alcoholic or addictive relationships as co-dependency grows.
See also;

Abusive relationship? 
Choicemaking 
Emotional Sobriety &amp;#8211; A Recovery Book





 
Drunks, Drugs &amp; Debits: How to Recognize Addicts and Avoid Financial Abuse by Doug Thorburn 




-
Share, print or e-mail this articleRando...</description>
            <author>Recovery Is Sexy.com</author>
            <type>blogs</type>
        <comments>http://www.medworm.com/rss/comments.php?id=4001810</comments>
            <pubDate>Sat, 25 Sep 2010 17:18:54 +0100</pubDate>
            <guid isPermaLink="false">4001810</guid>        </item>
        <item>
            <title>Impulse Buyers Beware: Dopamine Is the Culprit</title>
            <link>http://www.medworm.com/index.php?rid=3808650&amp;cid=t_213506_87_f&amp;fid=34872&amp;url=http%3A%2F%2Fblisstree.com%2Ffeel%2Fimpulse-buyers-beware-dopamine-is-the-culprit%2F</link>
            <description>Her dopamine levels are off the charts — you can see it in her eyes. (photo: Thinkstock)
If you&amp;#8217;ve got a closet full of unworn clothes and a credit card bill through the roof, chances are you&amp;#8217;re an impulse shopper. You see something; you want it; you buy it. This could be because your brain has more dopamine in it than your more cautious friends. High levels of dopamine cause people to act rashly, which would explain that pair of hot pink pleather pants in the back of your closet.
I only impulse buy when I&amp;#8217;m stressed — I wonder what that says about my dopamine levels. How many of you have a really embarrassing impulse buy tale? Please, share — we all love a good shopping horror story.
via NPR
Post from: BlissTree
Impulse Buyers Beware: Dopamine Is the Culprit (Sourc...</description>
            <author>Healthbolt</author>
            <type>blogs</type>
        <comments>http://www.medworm.com/rss/comments.php?id=3808650</comments>
            <pubDate>Fri, 30 Jul 2010 16:45:37 +0100</pubDate>
            <guid isPermaLink="false">3808650</guid>        </item>
        <item>
            <title>What's In Your Wallet? LearnVest CEO Alexa von Tobel Shows the Contents of Her Money-Bag</title>
            <link>http://www.medworm.com/index.php?rid=3729846&amp;cid=t_213506_87_f&amp;fid=36050&amp;url=http%3A%2F%2Fblisstree.com%2Flive%2Fwhats-in-your-wallet-learnvest-ceo-alexa-von-tobel-shows-the-contents-of-her-money-bag%2F</link>
            <description>Keeping track of your cash, coins, and credit cards seems like something you should learn how to do in high school, but some of us still haven&amp;#8217;t mastered the art of organizing our wallets. If you ever find yourself digging through crumpled receipts or wishing you hadn&amp;#8217;t left certain cards at home, check out these tips from LearnVest. (And check out LearnVest&amp;#8217;s original post for more details and a peek into Learnvest CEO Alexa von Tobel&amp;#8217;s personal wallet.)

What to keep in your wallet:

Credit Card – LearnVest suggests having two credit cards in your name: One for regular use, another for emergency use only. Keep the emergency card tucked away at home, and keep the other in your wallet at all times.
Cash – The key here is not too much, not too little. Between $25...</description>
            <author>Breastfeeding 1-2-3</author>
            <type>blogs</type>
        <comments>http://www.medworm.com/rss/comments.php?id=3729846</comments>
            <pubDate>Tue, 06 Jul 2010 18:22:14 +0100</pubDate>
            <guid isPermaLink="false">3729846</guid>        </item>
        <item>
            <title>Four Benefits of Prepaid Credit Cards</title>
            <link>http://www.medworm.com/index.php?rid=3676803&amp;cid=t_213506_129_f&amp;fid=36191&amp;url=http%3A%2F%2Fwww.arthritisblog.org%2Fentry%2Ffour-benefits-of-prepaid-credit-cards%2F</link>
            <description>Prepaid credit cards are the ideal way to use your card for your purchases so you do not have to carry around cash. In most cases, prepaid credit cards work just like a credit card except that you put the money on the card before using it rather than using credit. Prepaid cards have several advantages over credit cards and here are some of them.
	Safer than Cash
Prepaid credit cards are safer than cash because they have a protection built in. If your card gets stolen, you are protected under the same guidelines that traditional credit card holders have in many cases. For instance, if Visa offers its credit card holders a zero liability protection plan, you will have the same benefit if your prepaid card has the Visa logo. Be sure to check with the company printed on your prepaid credit car...</description>
            <author>Arthritis Blog</author>
            <type>blogs</type>
        <comments>http://www.medworm.com/rss/comments.php?id=3676803</comments>
            <pubDate>Sat, 19 Jun 2010 06:54:44 +0100</pubDate>
            <guid isPermaLink="false">3676803</guid>        </item>
        <item>
            <title>How Do Prepaid Credit Cards Work?</title>
            <link>http://www.medworm.com/index.php?rid=3676914&amp;cid=t_213506_160_f&amp;fid=36190&amp;url=http%3A%2F%2Fwww.skincareblog.org%2Fentry%2Fhow-do-prepaid-credit-cards-work%2F</link>
            <description>Prepaid credit cards are different than regular credit cards because they are prepaid. This means that in order to use the card, you must add money to the account on the card before you purchase items. 
	The first thing you&amp;#8217;ll do is sign up for an account. Before deciding what card you want, you&amp;#8217;ll want to compare different cards. Many prepaid cards charge a monthly fee that can range anywhere from $1.99 to $12 a month. Higher monthly fees often come with more features, so you&amp;#8217;ll want to decide what features you need on the card before you shop. You can get cards from Visa and Mastercard, which give you the flexibility of shopping anywhere where these cards are accepted. 
	Options can include the following:
	* No activation fee.
* Cash bonuses when you use direct deposit
...</description>
            <author>Skin Care</author>
            <type>blogs</type>
        <comments>http://www.medworm.com/rss/comments.php?id=3676914</comments>
            <pubDate>Sat, 19 Jun 2010 05:59:17 +0100</pubDate>
            <guid isPermaLink="false">3676914</guid>        </item>
        <item>
            <title>Eco-Friendly Living: 10 Easy Ways to Go Paperless</title>
            <link>http://www.medworm.com/index.php?rid=3644740&amp;cid=t_213506_87_f&amp;fid=36050&amp;url=http%3A%2F%2Fblisstree.com%2Flive%2Feco-friendly-living-10-easy-ways-to-go-paperless%2F</link>
            <description>Take a look around your desk; you probably have piles and piles of paper just sitting there. These piles are a combination of bills, documents you feel you should keep but probably won&amp;#8217;t ever need, catalogs, junk mail, and receipts. It&amp;#8217;s easy to feel overwhelmed among all these former trees, especially if the whole thing is a disorganized mess. And wouldn&amp;#8217;t your life be so much more eco-friendly if you could cut out paper entirely? Check out Lifehacker&amp;#8217;s Guide to Going Paperless:
photo: Thinkstock
1. Pay your bills online. Practically all utility companies have the option to pay your bill online. Take advantage.
2. Get your bank statements online. You&amp;#8217;ll have a copy of your records in your account on your bank&amp;#8217;s site.
3. Stop getting credit card offers ...</description>
            <author>Breastfeeding 1-2-3</author>
            <type>blogs</type>
        <comments>http://www.medworm.com/rss/comments.php?id=3644740</comments>
            <pubDate>Tue, 08 Jun 2010 21:32:41 +0100</pubDate>
            <guid isPermaLink="false">3644740</guid>        </item>
        <item>
            <title>Obama Small Business Lending Fund Likely A Bust</title>
            <link>http://www.medworm.com/index.php?rid=3235817&amp;cid=t_213506_87_f&amp;fid=36438&amp;url=http%3A%2F%2Ffeedproxy.google.com%2F%7Er%2FCato-at-liberty%2F%7E3%2Fwiz5gkUe4N0%2F</link>
            <description>By Mark A. CalabriaPresident Obama has announced his intention to use $30 billion in TARP funds to create a new small business lending fund.  In all likelihood, this is $30 billion the taxpayers will never see returned.
First of all, the problem facing small business, outside of the massive uncertainty being created by Washington, is one of credit availability, not cost.  For those who can get credit, its quite cheap, arguably too cheap.  So if the president doesn’t intend to lower the cost of credit, the plan must be to lower the quality; using the $30 billion to cover expected credit losses.  Of course, we tried throwing lots of taxpayer money at unsustainable homeownership, is there any reason to believe throwing taxpayer money at unsustainable businesses is going to work any bett...</description>
            <author>Cato-at-liberty</author>
            <type>blogs</type>
        <comments>http://www.medworm.com/rss/comments.php?id=3235817</comments>
            <pubDate>Wed, 03 Feb 2010 16:45:34 +0100</pubDate>
            <guid isPermaLink="false">3235817</guid>        </item>
        <item>
            <title>What Is Seen and What Is Not Seen</title>
            <link>http://www.medworm.com/index.php?rid=3149031&amp;cid=t_213506_87_f&amp;fid=36438&amp;url=http%3A%2F%2Ffeedproxy.google.com%2F%7Er%2FCato-at-liberty%2F%7E3%2FSYyEpIbHak0%2F</link>
            <description>By David BoazTwo items in Tuesday&amp;#8217;s newspapers remind us of the often unseen costs of regulation and also of the often unseen benefits of market processes. In the Wall Street Journal, Prof. Todd Zywicki examines the likely consequences of a law to limit credit card interest rates and the fees they charge to merchants:
Card issuers might also reduce the quantity and quality of credit cards by restricting credit availability and cutting back on product innovation or ancillary card benefits. This is exactly what happened when Australian regulators imposed price controls on interchange fees in 2003: Annual fees increased an average of 22% on standard credit cards and annual fees for rewards cards increased by 47%-77%. Card issuers also reduced the generosity of their reward programs by 2...</description>
            <author>Cato-at-liberty</author>
            <type>blogs</type>
        <comments>http://www.medworm.com/rss/comments.php?id=3149031</comments>
            <pubDate>Thu, 07 Jan 2010 13:39:04 +0100</pubDate>
            <guid isPermaLink="false">3149031</guid>        </item>
        <item>
            <title>Credit Card Dementia and Boundary Cases</title>
            <link>http://www.medworm.com/index.php?rid=3149033&amp;cid=t_213506_87_f&amp;fid=36438&amp;url=http%3A%2F%2Ffeedproxy.google.com%2F%7Er%2FCato-at-liberty%2F%7E3%2FDm_nrwtWRKc%2F</link>
            <description>By Jason KuznickiThe most interesting libertarian-related conversation I&amp;#8217;ve read today comes from Rortybomb, by way of Andrew Sullivan, with commentary by Megan McArdle. Here&amp;#8217;s a challenge to libertarians from Rortybomb, aka Mike Konczal:
I want to pitch to the credit card and financial industry a new innovative online survey. It is targeted for older, more mature long-time users of our services. We’ll give a $10 credit for anyone who completes it. Here is a sense of what the questions will look like:
- 1) What is your age?
- 2) What day of the week are you taking this survey?
- 3) Many rewards offered are for people with more active lifestyles: vacations, flights, hotels, rental cars. Do you find that your rewards programs aren’t well suited for your lifestyle?
- 4) What i...</description>
            <author>Cato-at-liberty</author>
            <type>blogs</type>
        <comments>http://www.medworm.com/rss/comments.php?id=3149033</comments>
            <pubDate>Wed, 06 Jan 2010 19:36:45 +0100</pubDate>
            <guid isPermaLink="false">3149033</guid>        </item>
        <item>
            <title>Loyalty Programs: Of Rats and Men</title>
            <link>http://www.medworm.com/index.php?rid=3146037&amp;cid=t_213506_109_f&amp;fid=34761&amp;url=http%3A%2F%2Ffeeds.feedblitz.com%2F%7E%2F3469669%2Fz4m7w%2Fneuromarketing%7ELoyalty-Programs-Of-Rats-and-Men.htm</link>
            <description>It seems like everyone has a loyalty program these days. Buy a cup of coffee, and you get a punch card that promises a free cup after you purchase some number of additional cups. Shop at the grocery store, and you get points to reduce the price of gas. Our wallets bulge [...]
      CommentsLoyalty is so difficult to execute! The intersection of loyalty ... by AjaySometimes, an ongoing loyalty incentive may be the best way to ... by Roger DooleyPlus 5 more... (Source: Neuromarketing)</description>
            <author>Neuromarketing</author>
            <type>blogs</type>
        <comments>http://www.medworm.com/rss/comments.php?id=3146037</comments>
            <pubDate>Fri, 04 Dec 2009 13:21:59 +0100</pubDate>
            <guid isPermaLink="false">3146037</guid>        </item>
        <item>
            <title>Credit Card Act Is Affecting the Job Market</title>
            <link>http://www.medworm.com/index.php?rid=2857397&amp;cid=t_213506_87_f&amp;fid=36438&amp;url=http%3A%2F%2Ffeedproxy.google.com%2F%7Er%2FCato-at-liberty%2F%7E3%2FzUdBzuQM46s%2F</link>
            <description>Despite the economic stimulus and various financial bailouts, our economy continues to shed jobs.  One of the reasons for continued job losses is the decline in new hires, especially the lack of new hiring by small business.
As bank analyst Meredith Whitney discusses in the Wall Street Journal [$], all the major credit programs created by Congress and the Federal Reserve have been targeted at big corporations and Wall Street firms.  However, small companies, especially start-ups and partnerships, do not issue bonds in the debt markets, nor do they borrow from Goldman Sachs.  So these firms have been left out in the cold, as federal credit inventions have favored corporate America.
Adding insult to injury is that not only has Washington subsidized credit to large firms, it has taken ac...</description>
            <author>Cato-at-liberty</author>
            <type>blogs</type>
        <comments>http://www.medworm.com/rss/comments.php?id=2857397</comments>
            <pubDate>Fri, 02 Oct 2009 21:33:57 +0100</pubDate>
            <guid isPermaLink="false">2857397</guid>        </item>
        <item>
            <title>The Situation of Credit Card Regulation</title>
            <link>http://www.medworm.com/index.php?rid=2839003&amp;cid=t_213506_109_f&amp;fid=36089&amp;url=http%3A%2F%2Fthesituationist.wordpress.com%2F2009%2F09%2F28%2Fthe-situation-of-credit-card-regulation%2F</link>
            <description>Situationist Contributor Adam Benforado recently published the following op-ed, titled &amp;#8220;Time to Rein in Tricks of the Financial Trade,&amp;#8221; in Cap Times.
* * *
I have a confession: I teach contract law, and I do not understand everything in my credit card agreement.
If business law professors are getting lost in the fine print of consumer financial products, we have a fundamental problem.
Back in the early 1980s, the average credit card contract filled up a single page. Today, a similar agreement runs to more than 30. These contracts are designed to maximize company profits by hiding costly traps for consumers in a dense forest of confusing provisions and mysterious words like &amp;#8220;LIBOR&amp;#8221; and &amp;#8220;Cash Equivalent Transactions.&amp;#8221;
It is no wonder that a 2006 study by t...</description>
            <author>The Situationist</author>
            <type>blogs</type>
        <comments>http://www.medworm.com/rss/comments.php?id=2839003</comments>
            <pubDate>Mon, 28 Sep 2009 04:01:16 +0100</pubDate>
            <guid isPermaLink="false">2839003</guid>        </item>
        <item>
            <title>RFID in Credit Cards</title>
            <link>http://www.medworm.com/index.php?rid=2662539&amp;cid=t_213506_109_f&amp;fid=34795&amp;url=http%3A%2F%2Fsoloshrink.blogspot.com%2F2009%2F08%2Frfid-in-credit-cards.html</link>
            <description>I believe that we are hearing and seeing enough about hacking and information theft from so many sources that I cannot succeed in conveying anything useful unless I limit my posts to small bits of the whole that are most likely to have an effect on the average person. Today that topic will be the addition of the &quot;convenience&quot; of having a RFID microchip embedded in their credit card. When one of my credit card companies sent me a shiny new card out of sequence (that is, my old one was two years away from expiring) I did what I usually do in such situations. I became suspicious. Why did they do this? I doubted that it was for my benefit or totally in my best interest.  OK, what was different? There was a new word printed on the back and the note that I could now just wave my card near a stor...</description>
            <author>Solo Shrink</author>
            <type>blogs</type>
        <comments>http://www.medworm.com/rss/comments.php?id=2662539</comments>
            <pubDate>Sat, 01 Aug 2009 17:30:00 +0100</pubDate>
            <guid isPermaLink="false">2662539</guid>        </item>
        <item>
            <title>Don’t Bail Out Bernanke</title>
            <link>http://www.medworm.com/index.php?rid=2625957&amp;cid=t_213506_87_f&amp;fid=36438&amp;url=http%3A%2F%2Ffeedproxy.google.com%2F%7Er%2FCato-at-liberty%2F%7E3%2F5KElqCyhhK8%2F</link>
            <description>Here is the message members of Congress should send to Ben Bernanke during the Fed chief’s annual Capitol Hill testimony this week: He is fighting for his job. With his term up in January of next year, Bernanke needs to be called to account for the Fed’s many questionable actions during the financial turmoil of the past year.
Even while correctly identifying the “global savings glut,” Bernanke sat by and did nothing about the unsustainable build-up of leverage in the housing market—the “bubble” which famously burst in late 2008. Bernanke also used Fed financing to bail out Bear Stearns and AIG—hotly political moves which should rightfully have been left to Congress—and oversaw the massive expansion of the Fed’s balance sheet from about $900 billion to over $2 trillion. ...</description>
            <author>Cato-at-liberty</author>
            <type>blogs</type>
        <comments>http://www.medworm.com/rss/comments.php?id=2625957</comments>
            <pubDate>Tue, 21 Jul 2009 18:24:29 +0100</pubDate>
            <guid isPermaLink="false">2625957</guid>        </item>
        <item>
            <title>Does the PASS ID Act Protect Privacy?</title>
            <link>http://www.medworm.com/index.php?rid=2580188&amp;cid=t_213506_87_f&amp;fid=36438&amp;url=http%3A%2F%2Ffeedproxy.google.com%2F%7Er%2FCato-at-liberty%2F%7E3%2FG0mO0zd61pU%2F</link>
            <description>I&amp;#8217;ve written about PASS ID here a couple of times before - first on whether or not it&amp;#8217;s a national ID and, second, on the politics of this REAL ID revival bill. Now I&amp;#8217;ll take a look at whether it fixes the privacy issues with REAL ID. Privacy is complicated. Buckle up.
The day the bill was introduced, the Center for Democracy and Technology issued a press release giving it a privacy stamp of approval.
&amp;#8220;The PASS ID Act addresses most of the major privacy and security concerns with REAL ID,&amp;#8221; said Ari Schwartz, Vice-President of CDT. The release cited four ways that PASS ID was an improvement over the bill it&amp;#8217;s modeled on, REAL ID.
Interstate Data Sharing?
First, CDT said, PASS ID &amp;#8220;[r]emoves the requirement that states &amp;#8216;provide electronic access...</description>
            <author>Cato-at-liberty</author>
            <type>blogs</type>
        <comments>http://www.medworm.com/rss/comments.php?id=2580188</comments>
            <pubDate>Tue, 07 Jul 2009 14:50:21 +0100</pubDate>
            <guid isPermaLink="false">2580188</guid>        </item>
        <item>
            <title>Congress Just Raised Our Credit Card Fees</title>
            <link>http://www.medworm.com/index.php?rid=2570385&amp;cid=t_213506_87_f&amp;fid=36438&amp;url=http%3A%2F%2Ffeedproxy.google.com%2F%7Er%2FCato-at-liberty%2F%7E3%2FRXqlqo8xVqY%2F</link>
            <description>Technically, it was the companies which raised their fees.  But they did so to anticipate new legislative restrictions on fees taking effect.  Congress wanted to cut costs for consumers, but ended up costing them instead.
Reports the Washington Post:
Credit card companies are raising interest rates and fees seven months before new rules go into effect that will limit their ability to do so, much to the irritation of Congress and consumer advocates.
Chase, for instance, will raise the minimum payment required of some of its customers from 2 percent to 5 percent of the statement balance starting in August. Chase and Discover have increased the maximum fee charged for transferring a balance to the card to 5 percent of the amount, up from 3 and 4 percent, respectively. Bank of America last ...</description>
            <author>Cato-at-liberty</author>
            <type>blogs</type>
        <comments>http://www.medworm.com/rss/comments.php?id=2570385</comments>
            <pubDate>Thu, 02 Jul 2009 13:22:23 +0100</pubDate>
            <guid isPermaLink="false">2570385</guid>        </item>
        <item>
            <title>Consumer Financial Product Commission Distracts from Real Reform</title>
            <link>http://www.medworm.com/index.php?rid=2561214&amp;cid=t_213506_87_f&amp;fid=36438&amp;url=http%3A%2F%2Ffeedproxy.google.com%2F%7Er%2FCato-at-liberty%2F%7E3%2FNgWMnomrBTM%2F</link>
            <description>Today the Obama Administration released a 152-page draft bill to create a new Consumer Financial Product Commission. While intended to protect against consumer confusion and reduce the likelihood of future financial crises, the proposed agency will at best have little impact and at worst contribute to the next financial crisis, with the added effect of decreased homeownership and increased litigation.
The president promises that “those ridiculous contracts with pages of fine print that no one can figure out – those things will be a thing of the past,” The president ignores that those “ridiculous contracts” and “fine print” are the result of previous rounds of so-called consumer protections. The disclosures one receives with a mortgage or a credit card are those mandated by so...</description>
            <author>Cato-at-liberty</author>
            <type>blogs</type>
        <comments>http://www.medworm.com/rss/comments.php?id=2561214</comments>
            <pubDate>Tue, 30 Jun 2009 19:34:00 +0100</pubDate>
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        <item>
            <title>Week in Review: The War on Drugs, SCOTUS Prospects and Credit Card Regulation</title>
            <link>http://www.medworm.com/index.php?rid=2414746&amp;cid=t_213506_87_f&amp;fid=36438&amp;url=http%3A%2F%2Ffeedproxy.google.com%2F%7Er%2FCato-at-liberty%2F%7E3%2Fv5YrgURk1hc%2F</link>
            <description>White House Official Says Government Will Stop Using Term &amp;#8216;War on Drugs&amp;#8217;
The Wall Street Journal reports that White House Drug Czar Gil Kerlikowske is calling for a new strategy on federal drug policy and is putting a stop to the term &amp;#8220;War on Drugs.&amp;#8221;
The Obama administration&amp;#8217;s new drug czar says he wants to banish the idea that the U.S. is fighting &amp;#8216;a war on drugs,&amp;#8217; a move that would underscore a shift favoring treatment over incarceration in trying to reduce illicit drug use…. The Obama administration is likely to deal with drugs as a matter of public health rather than criminal justice alone, with treatment&amp;#8217;s role growing relative to incarceration, Mr. Kerlikowske said.
Will Kerlikowske&amp;#8217;s words actually translate to an actual shift ...</description>
            <author>Cato-at-liberty</author>
            <type>blogs</type>
        <comments>http://www.medworm.com/rss/comments.php?id=2414746</comments>
            <pubDate>Fri, 15 May 2009 19:18:09 +0100</pubDate>
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        <item>
            <title>Old Enough to Die for Your Country, Too Young for a Credit Card</title>
            <link>http://www.medworm.com/index.php?rid=2405022&amp;cid=t_213506_87_f&amp;fid=36438&amp;url=http%3A%2F%2Ffeedproxy.google.com%2F%7Er%2FCato-at-liberty%2F%7E3%2FRiMBjn2iPXc%2F</link>
            <description>While much of the debate around the so-called &amp;#8220;Credit Cardholders&amp;#8217; Bill of Rights&amp;#8221; has been on ending various card policies aimed at disguising different credit risks, one group of cardholders is certain to lose their right to credit under this bill: adults between the ages of 18 and 21.
Under the current Senate bill, the only way for someone under the age of 21 to get a credit card would be either:
1) they have a co-signer, such as their parent, sign for it, or
2) they maintain a job with sufficient income to cover any obligations arising from the credit card.
By contrast, neither of these requirements is put in place for student loans; there is the clear expectation that you pay those loans back in the future from your increased future income that results from going to ...</description>
            <author>Cato-at-liberty</author>
            <type>blogs</type>
        <comments>http://www.medworm.com/rss/comments.php?id=2405022</comments>
            <pubDate>Thu, 14 May 2009 17:51:06 +0100</pubDate>
            <guid isPermaLink="false">2405022</guid>        </item>
        <item>
            <title>Of Course, It Is the Banks’ Fault!</title>
            <link>http://www.medworm.com/index.php?rid=2405027&amp;cid=t_213506_87_f&amp;fid=36438&amp;url=http%3A%2F%2Ffeedproxy.google.com%2F%7Er%2FCato-at-liberty%2F%7E3%2F51Qr1ymVBqE%2F</link>
            <description>Congress is off on another crusade, to save Americans from credit cards.  People get into debt, run up big fees, generally feel abused, and complain to their elected officials.  Never mind the obvious convenience, which is why credit cards have become an indispensable part of American commerce.  Legislators plan on micro-managing the credit terms which may be offered across America.
Reports the New York Times:
“We like credit cards — they are valuable vehicles for many people,” said Senator Christopher J. Dodd, Democrat of Connecticut, the chairman of the Senate banking committee and author of the measure now being considered by the Senate. “It’s when these vehicles are being abused by the card issuers at the expense of the consumers that we must step in and change the rules....</description>
            <author>Cato-at-liberty</author>
            <type>blogs</type>
        <comments>http://www.medworm.com/rss/comments.php?id=2405027</comments>
            <pubDate>Thu, 14 May 2009 13:07:07 +0100</pubDate>
            <guid isPermaLink="false">2405027</guid>        </item>
        <item>
            <title>Obama’s Broken Toaster</title>
            <link>http://www.medworm.com/index.php?rid=2405038&amp;cid=t_213506_87_f&amp;fid=36438&amp;url=http%3A%2F%2Ffeedproxy.google.com%2F%7Er%2FCato-at-liberty%2F%7E3%2FN_eTKAOix2M%2F</link>
            <description>Recently on Leno, President Obama compared some financial products to an exploding toaster. His words:
When you buy a toaster, if it explodes in your face there&amp;#8217;s a law that says your toasters need to be safe. But when you get a credit card, or you get a mortgage, there&amp;#8217;s no law on the books that says if that explodes in your face financially, somehow you&amp;#8217;re going to be protected.
So this is &amp;#8212; the need for getting back to some common sense regulations &amp;#8212; there&amp;#8217;s nothing wrong with innovation in the financial markets. We want people to be successful; we want people to be able to make a profit. Banks are critical to our economy and we want credit to flow again. But we just want to make sure that there&amp;#8217;s enough regulatory common sense in place that ord...</description>
            <author>Cato-at-liberty</author>
            <type>blogs</type>
        <comments>http://www.medworm.com/rss/comments.php?id=2405038</comments>
            <pubDate>Wed, 13 May 2009 15:23:22 +0100</pubDate>
            <guid isPermaLink="false">2405038</guid>        </item>
        <item>
            <title>The Permanent Obama Campaign: Credit Card Edition</title>
            <link>http://www.medworm.com/index.php?rid=2399008&amp;cid=t_213506_125_f&amp;fid=34819&amp;url=http%3A%2F%2Fflapsblog.com%2F2009%2F05%2F08%2Fthe-permanent-obama-campaign-credit-card-edition%2F</link>
            <description>President Barack Obama will be holding a town hall meeting next week in New Mexico to promote congressional efforts to reform credit card practices.
Is hope on the way for those who cannot pay their credit card bills?
Sadly no.
Obama is just hyping his already announced reforms in a key swing state which he won last November.
No bailouts - at least not yet.

Technorati Tags: Barack Obama, Credit Cards



Bookmark/Search this post with: (Source: FullosseousFlap's Dental Blog)</description>
            <author>FullosseousFlap's Dental Blog</author>
            <type>blogs</type>
        <comments>http://www.medworm.com/rss/comments.php?id=2399008</comments>
            <pubDate>Fri, 08 May 2009 22:32:34 +0100</pubDate>
            <guid isPermaLink="false">2399008</guid>        </item>
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            <title>In Ensuring Credit Card Holders’ ‘Rights,’ Congress May Actually Take Away Their Credit</title>
            <link>http://www.medworm.com/index.php?rid=2380719&amp;cid=t_213506_87_f&amp;fid=36438&amp;url=http%3A%2F%2Ffeedproxy.google.com%2F%7Er%2FCato-at-liberty%2F%7E3%2FX0b_ROzNVzw%2F</link>
            <description>With a vote expected today on the so-called Credit Card Holders&amp;#8217; Bill of Rights, the U.S. House is poised to follow up on President Obama&amp;#8217;s finger-wagging rhetoric about fees and other perceived sins of the credit industry.
But Congress should keep in mind that credit cards have been a significant source of consumer liquidity during this downturn. Now is the worst time to push measures that would curtail the availability of consumer credit, and that is exactly what the Credit Card Holders’ Bill of Rights will do.
While few of us want to have to cover our basic living expenses on our credit card, that option is certainly better than going without those basic needs. The wide availability of credit cards has helped to significantly maintain some level of consumer purchasing dur...</description>
            <author>Cato-at-liberty</author>
            <type>blogs</type>
        <comments>http://www.medworm.com/rss/comments.php?id=2380719</comments>
            <pubDate>Thu, 30 Apr 2009 19:06:27 +0100</pubDate>
            <guid isPermaLink="false">2380719</guid>        </item>
        <item>
            <title>Love the Cards, Hate the Card Issuers</title>
            <link>http://www.medworm.com/index.php?rid=2380731&amp;cid=t_213506_87_f&amp;fid=36438&amp;url=http%3A%2F%2Ffeedproxy.google.com%2F%7Er%2FCato-at-liberty%2F%7E3%2F6mnqDu-jDMo%2F</link>
            <description>God hates the sin but loves the sinner, we are told.  Americans have a similar attitude towards credit cards.  They love the cards but hate the card issuers.
Naturally, President Barack Obama has picked up on this sentiment and wants the credit card companies to be &amp;#8220;fair.&amp;#8221;  Reports the Washington Post:
The Obama administration yesterday called for an end to unfair credit card industry practices such as retroactive interest rate increases for any reason, late-fee traps that penalize borrowers with weekend or middle-of-the-day deadlines and teaser rates that last less than six months.

In a written statement released by the Treasury Department, the administration outlined practices it would like Congress to reform as it considers two bills that would crack down on the industry...</description>
            <author>Cato-at-liberty</author>
            <type>blogs</type>
        <comments>http://www.medworm.com/rss/comments.php?id=2380731</comments>
            <pubDate>Thu, 30 Apr 2009 12:36:49 +0100</pubDate>
            <guid isPermaLink="false">2380731</guid>        </item>
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            <title>Are Debtors Rational Actors or Situational Characters? - Abstract</title>
            <link>http://www.medworm.com/index.php?rid=2348441&amp;cid=t_213506_109_f&amp;fid=36089&amp;url=http%3A%2F%2Fthesituationist.wordpress.com%2F2009%2F04%2F11%2Fare-debtors-rational-actors-abstract%2F</link>
            <description>Promising young scholar, Chrystin Ondersma, published her excellent new article, titled &amp;#8220;Are Debtors Rational Actors? An Experiment&amp;#8221; in 13 Lewis &amp; Clark L. Rev. 279 (2009). Here&amp;#8217;s the abstract.
* * *

This Article examines patterns in bankruptcy filing data to determine whether this data supports the simplistic Rational Actor model that is the basis for Bankruptcy Abuse Prevention and Consumer Protection Act (BAPCPA). The Article closely reviews the Rational Actor and Situationist models&amp;#8211;the current debate about human behavior in bankruptcy context. Analysis of empirical data of pre-BAPCPA, post- BAPCPA, and current filings demonstrate that while BAPCPA reduced the number of filings nationally, unexplained variation in filing patterns exist. These findings sugge...</description>
            <author>The Situationist</author>
            <type>blogs</type>
        <comments>http://www.medworm.com/rss/comments.php?id=2348441</comments>
            <pubDate>Sat, 11 Apr 2009 04:01:53 +0100</pubDate>
            <guid isPermaLink="false">2348441</guid>        </item>
        <item>
            <title>Situationism in the Blogosphere - October, Part II</title>
            <link>http://www.medworm.com/index.php?rid=1975947&amp;cid=t_213506_109_f&amp;fid=36089&amp;url=http%3A%2F%2Fthesituationist.wordpress.com%2F2008%2F11%2F21%2Fsituationism-in-the-blogosphere-october-part-ii%2F</link>
            <description>Below, we’ve posted titles and a brief quotation from some of our favorite non-Situationist situationist blogging during October 2008.  (They are listed in alphabetical order by source.)
* * *
From Experimental Philosophy: &amp;#8220;Causal Judgment and Moral Judgment&amp;#8220;
“It is now widely believed that people&amp;#8217;s moral judgments can affect their causal judgments, but a great deal of confusion remains about precisely why this effect arises. . . . Our hypothesis draws on the idea that people&amp;#8217;s causal judgments are based on counterfactual reasoning.” Read more . . .
From The Frontal Cortex: &amp;#8220;Anchoring and Credit Cards&amp;#8220;
“New research by the University of Warwick reveals that many credit card customers become fixated on the level of minimum payments given on credit...</description>
            <author>The Situationist</author>
            <type>blogs</type>
        <comments>http://www.medworm.com/rss/comments.php?id=1975947</comments>
            <pubDate>Fri, 21 Nov 2008 05:18:03 +0100</pubDate>
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