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Quercki : credit   18

Coverture: The Word You Probably Don't Know But Should | National Women's History Museum
our broker, a woman of a certain age with long experience in her profession, sympathized, but stated that if she had made me the primary borrower, the lawyers would “fuss” at her and just revert to the traditional categories. “Honey,” she told me, a professor of women’s history, “it’s a man’s world.”

Point taken. What I had just encountered was a vestige of the legal practice of coverture. This is a term most Americans don’t know but it has been a goal of mine to ensure that all literate, well-educated Americans be as familiar with the idea of coverture as they are with other historical terms such as “liberty,” “democracy,” and “equal rights.”

Coverture is a long-standing legal practice that is part of our colonial heritage. Though Spanish and French versions of coverture existed in the new world, United States coverture is based in English law. Coverture held that no female person had a legal identity. At birth, a female baby was covered by her father’s identity, and then, when she married, by her husband’s. The husband and wife became one–and that one was the husband.
mortgage  credit  law  contracts 
9 weeks ago by Quercki
Bankruptcy law: Joe Biden vs. Elizabeth Warren - Vox
The 20-year argument between Joe Biden and Elizabeth Warren over bankruptcy, explained
A clash over a 2005 bankruptcy bill — and a broader contrast in worldviews.
...
On a granular level, then, both sides of the Warren/Biden argument can claim that some of their main predictions came true, and both sides agree that the bill had at least some good provisions and some bad ones.

But the larger clash of worldviews is as vital as ever. Biden’s 2020 presidential bid explicitly front-loads Trump and his aberrant behavior, casting the former VP’s aspirations in explicitly restorationist terms — Biden will fix what Trump broke. To Warren, by contrast, the system was broken before she ever entered the Senate and the real fight is to overthrow the nexus of special interest politics that reigned in Washington back while The Apprentice was in its first season.
Elizabeth_Warren  Joe_Biden  bankruptcy  credit  student  loans 
may 2019 by Quercki
Pagan merchants continue to wrestle with occult bans | The Wild Hunt
What’s clear is that at least one card processor is coming down harder still than earlier in the year, with attempts to dictate terms that extend well beyond what one might expect.

“They are not interested in any proof that our practices are linked to a legitimate religious path,” Rabbit said, “even though Paganism and Wicca are recognized by the government and armed forces for things like chaplaincy and headstones.”


Sacred Well Portland [Courtesy]
The fact that services such as divination are used by some individuals as part of their sincerely-held religious beliefs is a complicating factor which could well hold sway in a court of law, but getting there is an expensive and cumbersome process which the stereotypical Pagan merchant can ill afford to pursue.
If Rabbit had those resources handy, she said, she’d be more inclined to just start a processing company of her own. “It’s tempting to dream about creating the kind of infrastructure that supports the world I want to live in, where there is true religious freedom and respect for diversity of beliefs and practices,” she said.

Rabbit is confident she could write a report that demonstrates that there is no need to for any processor to consider the Sacred Well a business risk, but she’s not sure it would matter much. After all, a 115-page business plan backed by considerable research was ignored by a commercial realtor in one West Coast city that simply refused to rent any space to a Pagan shop.

“I fear that would happen if we tried to do that here,” she said. “Perhaps if several businesses did this and approached these companies en masse, it might be more effective.”
Rabbit  Sacred_Well  credit 
november 2017 by Quercki
Yes, You Can Measure White Privilege
Not only can we see it, but we can actually measure it. If we begin viewing it as an economic term—the same way we use “trickle-down economics”—then it might be debatable, but it becomes a real, definable thing that we can acknowledge, explain and work toward eliminating. Race might be a social construct, but white privilege is an economic theory that we should define as such:

White privilege: n. The quantitative advantage of whiteness
Here are four examples that explain white privilege in economic terms.
White  privilege  economics  education  credit  income  statistics 
april 2017 by Quercki
OneUnited Bank, Black Lives Matter Team Up to Organize Black America’s Spending Power
Black Lives Matter at this point is a household name, having existed for more than three years, fighting against the systemic oppression and state-sanctioned violence against black people. OneUnited Bank has been a fierce advocate of the black community, launching just last year the #BankBlackChallenge, which encourages the black community to invest in itself by putting money into black-owned banks, while also promoting several programs to help the community with its financial literacy.

From this partnership, focused on the main goal of black empowerment, the “Amir” debit card will also be launched. Amir is the name given to one of OneUnited’s #BankBlack campaign images, featuring a young black boy. The images of Tommie Smith and John Carlos giving their famous black power salute from the 1968 Olympics grace the background of the main image on the card.
BlackLivesMatter  credit  card 
april 2017 by Quercki
#BlackLivesMatter Introduces a New Visa Debit Card, and Revives the Toxic Old Myths of Black Capitalism | Black Agenda Report
The old myths that African Americans are poor because we don't spend wisely invest or save enough have been demolished many times. Black unemployment and poverty are core features of US capitalism and can’t be cured by black banking or shopping with black businesses. So why has #BlackLivesMatter teamed up with shady black bankers to introduce a #BlackLivesMatter debit card in a campaign that boosts the fake economics of black capitalism?
BlackLivesMatter  credit  card 
april 2017 by Quercki
"I Made That Bitch Famous" | Mother Jones
In Donald Trump's 2011 book Time to Get Tough: Making America #1 Again, the president-to-be made an astonishing claim: Lady Gaga likely owed her international fame to none other than...Donald Trump. "She became a big star and maybe she became a star because I put her on the Miss Universe pageant," he wrote. "It's very possible, who knows what would have happened without it, because she caused a sensation."

The problem goes beyond Trump, of course. Women, especially women of color, are routinely denied credit for their ideas, creativity, genius, and success (not to mention they're paid less than men for full-time work). So, in honor of Women's History Month, I've put together this woefully incomplete timeline of the lowlights:

Paleolithic era
Pre-European cave paintings are attributed to male hunters up until 2013, when an anthropologist shows that hand tracings found alongside the art at 10 famous sites were likely done by women.
Men  credit  science  history  invention  art 
march 2017 by Quercki
How Expensive It Is to Be Poor - NYTimes.com
“According to the study, in 2015 the poorest fifth of Americans will pay on average 10.9 percent of their income in state and local taxes, the middle fifth will pay 9.4 percent and the top 1 percent will average 5.4 percent.”

In addition, many low-income people are “unbanked” (not served by a financial institution), and thus nearly eaten alive by exorbitant fees. As the St. Louis Federal Reserve pointed out in 2010:

“Unbanked consumers spend approximately 2.5 to 3 percent of a government benefits check and between 4 percent and 5 percent of payroll check just to cash them. Additional dollars are spent to purchase money orders to pay routine monthly expenses. When you consider the cost for cashing a bi-weekly payroll check and buying about six money orders each month, a household with a net income of $20,000 may pay as much as $1,200 annually for alternative service fees — substantially more than the expense of a monthly checking account.”

Even when low-income people can become affiliated with a bank, those banks are increasingly making them pay “steep rates for loans and high fees on basic checking accounts,” as The Times’s DealBook blog put it last year.
poor  class  money  NYT  income  bank  credit  economics  justice 
january 2015 by Quercki
Social Security, Treasury target taxpayers for their parents’ decades-old debts - The Washington Post
Across the nation, hundreds of thousands of taxpayers who are expecting refunds this month are instead getting letters like the one Grice got, informing them that because of a debt they never knew about — often a debt incurred by their parents — the government has confiscated their check.

The Treasury Department has intercepted $1.9 billion in tax refunds already this year — $75 million of that on debts delinquent for more than 10 years, said Jeffrey Schramek, assistant commissioner of the department’s debt management service. The aggressive effort to collect old debts started three years ago — the result of a single sentence tucked into the farm bill lifting the 10-year statute of limitations on old debts to Uncle Sam.
IRS  social_security  debt  credit  steal 
april 2014 by Quercki
Beware of credit card currency conversion fees
Highlights
Currency conversion fees were not addressed by Credit CARD Act.
The fee on most cards is 3 percent of every transaction.
Purchases, ATM withdrawals and cash advances are affected.

If you do a lot of international traveling, you've probably been stung by an unpleasant surprise lurking at the bottom of your bank statement or credit card bill: a currency conversion fee. While the CARD Act has done plenty to reduce sometimes exorbitant credit card fees, it left currency conversion fees untouched, ensuring travelers will have at least one unpleasant vacation memory.

Currency conversion fees are a result of the way the credit card industry works. Every time you use your card outside the U.S., American Express, MasterCard, Visa or whichever network is handling the transaction charges your bank a percentage of the transaction (usually 1 percent) to convert your dollars to dinars, euros, yen -- the local currency. The bank that issues the credit card also charges a fee
credit  currency  travel 
august 2010 by Quercki
frontline: secret history of the credit card: more to explore: the ascendancy of the credit card industry | PBS
The bank had lost more than $1 billion on its audacious foray into the credit card business, and the future looked even worse. The trouble, simply put, was that the rate of inflation exceeded the amount of interest Citibank was allowed to charge its credit card customers under New York usury laws.

But the bankers saw opportunity and salvation in the plains of South Dakota. Within days of those first phone calls, a team of top executives arrived from New York with a proposal for Mr. Janklow: If South Dakota would quickly pass legislation that would enable Citibank to move its credit card operations to the state, they would bring hundreds of high-paying white collar jobs to the state.

The unlikely alliance would clear the way for Citibank to turn a money-losing credit card operation into a vastly profitable business.
credit  history  money  creditcards 
may 2009 by Quercki
AnnualCreditReport
This is the free site recommended on the Credit Card board
credit  money  creditreport 
april 2009 by Quercki
TMF: Re: Collection of an old (paid) debt / Credit Cards and Consumer Debt
To whom it may concern,

My name is Bingocards and my telephone number is XXX-YYYY.

On XX/YY and XX/YY, you attempted to call me regarding a debt which you believe I owe. I am ignorant of the account number and any other identifying information because your representative did not leave it.

The Fair Debt Collection Practices Act states that you are to not contact a consumer without permission if they give you written notice to stop. This letter constitutes your written notice that you are not to ever attempt to contact me via the telephone regarding this matter or any other debt which you believe I may owe.
bingocards  debt  credit  phone 
february 2009 by Quercki
TMF: Re: Collection of an old (paid) debt / Credit Cards and Consumer Debt
Dear Collecting Firm, Inc:

You recently contacted me with regards to account #123456, a debt which you allege I owe.

Your records are incorrect. I paid that debt ten years ago. I suggest that you correct your records and demand that you cease all collection activity.
debt  credit  bingocards 
february 2009 by Quercki

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