Nov 20, 2009

Washington Report: Unfair Swipe Fees Hurt Main Street, Consumers
GAO report shows that the credit card companies and their issuing banks have been misleading the public about their increasing rates and about the benefits of credit cards to businesses.

Senate Judiciary Committee Approves Internet Tobacco Bill
The PACT Act closes gaps in current federal laws regulating ‘remote’ or ‘delivery’ sales of cigarettes and smokeless tobacco products.

Hidden Credit Card Fees Take From the Poor, Give to the Rich
A new study estimates that the about $1.4 billion to $1.9 billion is transferred in the U.S. due to rewards on gasoline and groceries.

Philip Morris USA Sues Retailers to Stop Counterfeit Cigarette Sales
Since May 2009, Philip Morris has filed lawsuits against 27 retail locations in New York and New Jersey for selling counterfeit Marlboro brand cigarettes.

NYC McDonald’s Goes Upscale
The QSR brings a European flair to a New York City location, complete with Wi-Fi and flat screens.

Gift Card Spending to Trend Down
Survey says that holiday shoppers aren’t expected to spend big on gift cards this year.

Kum & Go Gets Environmental With Biodegradable Bottle
Convenience retailer is now offering Hiland Premium Artesian Water in the ENSO biodegradable plastic bottle.