The Venmo Line

blogginQuartz.com published an article which recounted an internal online conversation various staff members had one morning regarding online P2P payments (in particular, Venmo). The article showed the difference in attitudes and behaviors between the over-30 year olds at Quartz, and those under the age of 30. Or what they called the Venmo Line.

What Bank Marketers Should Know About The Fed’s Survey of Consumer Finances

According to a recent Federal Reserve Bulletin: “The Federal Reserve Board’s triennial Survey of Consumer Finances (SCF) collects information about family incomes, net worth, balance sheet components, credit use, and other financial outcomes. The 2013 SCF reveals substantial disparities in the evolution of income and net worth since the previous time the survey was conducted,…

Durbin Delusions

blogginThe Merchants Payment Coalition claim that debit card reform (i.e., the Durbin Amendment) has helped consumers save almost $18 billion and supported 100,000 new jobs in three years. If you believe that, I have oceanfront property in Kansas you might be interested in buying.