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Starting next January, whenever you buy an airline ticket at a travel agency or online, there'll be a new question to answer before you hand over your credit card: Would you be willing to donate $2 to help fight HIV/AIDS, malaria and tuberculosis in Africa...
Merchant groups have been lobbying the Obama Administration on the issue for many months. Bills have been introduced in the House and Senate that, if passed, would allow merchants to negotiate their interchange fees directly with banks and credit-card networks. The Senate's version, introduced by Senator Richard Durbin, even calls for a panel of three electronic-payment-system judges to step in if merchants fail to reach a negotiated agreement...
...meantime, the Government Accountability Office is conducting a six-month study on credit-card interchange fees, which is expected to be completed in November. Analysts believe it's unlikely any bills will be passed on the issue until this report is released. A GAO executive was not immediately available for comment...
...Read "With Defaults Rising, Is a Credit-Card Crisis Looming...
...says Emily B. Hecht ’11. Those students who have encountered challenges with the team advising system typically cite its perceived distance and detachedness as its main problem. Brittney R. Lind ’11, a former English concentrator, primarily met with her advisors only on Study Card Day. “My roommates or my friends would say, ‘Oh, I have to meet with my advisor.’ I would think ‘Why? I know what the requirements are... It just didn’t occur...