Written by Greg Smith on 7/14/2010 12:00:00 AM
The post title makes reference to the fact that as of July 1, 2010, all credit card issuers are required to uniformly spell out the terms and conditions of their card. This includes interest rates and interest charges, fees and other details relevant to a consumer's use of the card.
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Written by Greg Smith on 7/1/2010 12:00:00 AM
A MoneyChat reader asked me about some upcoming financial regulatory changes. Specifically, the writer had heard that there's an August 1 deadline to sign up for a program to allow banks to pay non-sufficient fund checks, and that if you don't sign up, the bank won't clear the check.
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Written by Greg Smith on 6/24/2010 12:00:00 AM
On June 22, 2010, the conference committee negotiating the differences between the House and Senate versions of the financial regulatory reform bill voted to approve a modified version of Senator Durbin's interchange fee amendment. The modification was due in no small part to the best efforts of PSECU and other credit unions seeking to protect the debit card programs. But the goal was to have the interchange fee amendment.
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Written by Greg Smith on 6/17/2010 12:00:00 AM
I recently wrote about legislation that would limit interchange fees and its potential negative effect on PSECU. I asked our members to get involved by contacting their legislators to let them know that the Durbin interchange fee amendment could be harmful to the credit union.
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Written by Greg Smith on 6/2/2010 12:00:00 AM
Senate included an amendment to limit interchange fees.
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Written by Greg Smith on 5/25/2010 12:00:00 AM
If you’re thinking of getting a new vehicle, Memorial Day and the end of June are two good times to buy. Dealers are looking to sell their inventory, so you might be able to get a pretty good sales price, if you do your homework and are prepared.
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Written by Greg Smith on 5/5/2010 12:00:00 AM
At PSECU, we give special thanks to our state employees.
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Written by Greg Smith on 4/22/2010 12:00:00 AM
Today, Earth Day, reminds us to take care of our planet. Energy conservation is an important part of that goal. And it’s also a great way to conserve your cash. Here’s an idea for celebrating Earth Day: Audit your home for energy use/waste; make a list of the things you can do to help improve your home’s energy use; and, finally, make a plan to get those things done. The sooner you take steps to reduce your energy costs, the sooner you’ll see savings.
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Written by Greg Smith on 4/14/2010 12:00:00 AM
Although April is Financial Literacy Month, we dedicate time and resources all year long to teach financial education.
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Written by Greg Smith on 4/7/2010 12:00:00 AM
I've always believed that when people have the right information, they can make good choices, especially where their finances are concerned. In MoneyChat posts, letters and e-mails, I've made it a point to communicate how big things like credit card reform might affect our members. We even created psecu.com/knowmore to help make sense of these complicated issues.
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