Monday, January 17, 2011

Durbin Amendment Most Significant changes in Monetary movement

http://www.omaha.com/article/20110116/MONEY/701169926

"Year of the Protected Consumer "

Why Do I Care

I know it is hard to read long bills and  congressional acts.  But the Durbin amendment will affect you everyday after April.  It caps th debit fees that are charged by the companies that move credit and debit payments.  That means it should be cheaper for you to buy goods at the register with a debit card.  No longer will you be subsidizing the miles on the credit card that the guy in front of you used.  That is good news for equity, for savings and for making the use of debit cards closer to the cost of cash.  Watch out for more on this issue.

http://thomas.loc.gov/cgi-bin/bdquery/z?d111:SP03989:

Gee How cool is it that I post once a Year!

What a fabulous blog that I can write once a year and promise to write... Let's see what this new year holds for me!  Two great trips this year, one to Costa Rica and one to Kentucky for the World Equestrian games!  They were both to be with one of the kids, focusing the energy on them and their desires.  The Costa Rica trip for my 17 year old son and the Kentucky trip for my 19 year old daughter.  What to do with the 23 year old when he graduates......  Europe I hope!