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  2. How a Flurry of ‘Digital Dollar’ Proposals Made It to Congress

    www.aol.com/news/flurry-digital-dollar-proposals...

    Law professors who've long pushed for a digital dollar worked with Congress to bring the concept to a series of coronavirus relief bills earlier this week.

  3. Digital currency - Wikipedia

    en.wikipedia.org/wiki/Digital_currency

    Digital currency may be recorded on a distributed database on the internet, a centralized electronic computer database owned by a company or bank, within digital files or even on a stored-value card. [1] Digital currencies exhibit properties similar to traditional currencies, but generally do not have a classical physical form of fiat currency ...

  4. Durbin amendment - Wikipedia

    en.wikipedia.org/wiki/Durbin_amendment

    Prior to the Durbin amendment, card swipe fees were previously unregulated and averaged about 44 cents per transaction. [3] Merchants lobbied heavily for a rule to limit debit card swipe fees. [4] They accomplished this when the Durbin amendment passed with the Dodd-Frank financial reform legislation on July 21, 2010. [5]

  5. Congress Is Trying To Pass a Bill That Will End Credit Card ...

    www.aol.com/finance/congress-trying-pass-bill...

    With credit card companies making less on each transaction, their ability to loan out money will decrease, making it harder for people to gain credit, according to Stverak. 2. “The bill will ...

  6. Credit CARD Act of 2009 - Wikipedia

    en.wikipedia.org/wiki/Credit_CARD_Act_of_2009

    The Credit Card Accountability Responsibility and Disclosure (CARD) Act of 2009 is a federal statute passed by the United States Congress and signed by U.S. President Barack Obama on May 22, 2009. It is a comprehensive credit card reform legislation that aims "to establish fair and transparent practices relating to the extension of credit under ...

  7. Online bill pay: What is it and why it’s a good idea - AOL

    www.aol.com/finance/online-bill-pay-why-good...

    Online bill pay is an electronic payment service offered by many banks, credit unions and bill-pay services. It allows consumers to make various types of payments through a website or app, such as ...

  8. Credit card debt - Wikipedia

    en.wikipedia.org/wiki/Credit_card_debt

    Infographic about credit card debt in the US (2010) Consumer and government debt as a % of GDP (United States) Consumer and government debt in the United States. Credit card debt results when a client of a credit card company purchases an item or service through the card system. Debt grows through the accrual of interest and penalties when the ...

  9. Congress could be about to give grocery stores and gas ... - AOL

    www.aol.com/finance/congress-could-grocery...

    Among credit card holders, 86% have an active rewards card. This includes more than three out of four balance-active cardholders with a household income of less than $50,000.