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Politics, policy and finance from the nerds who know best |
We’ve all heard about the secret video where Romney asserts that Obama’s supporters are made up of the 47% of Americans who don’t pay federal income taxes. However, the Obama campaign is raising far more money than Romney’s campaign, so it seems that his supporters are not solely comprised of low-earners. So who are the [...]
NerdWallet’s new election infographic spells out the numbers behind how the Electoral College system dramatically favors a win for Obama in 2012. Despite neck-in-neck public polling at a national level, when it comes to counting the electoral votes that actually matter, NerdWallet finds that Romney is so far behind that he has only a 20% chance of [...]
NerdWallet is excited to announce cutting edge statistical analysis of the 2012 Presidential Election! The NerdWallet Election Model will be updated daily and will show each candidate’s statistical odds of winning the presidency. There has been a lot of press on national polls, but the truth is the only thing that determines presidential election outcomes [...]
While abortion is a hot-button issue in this election, in-vitro fertilization (IVF) is not. However, in-vitro fertilization involved the creation of embryos, some of which are destroyed. Should the pro-life stance extend to embryos disposed of during IVF? What is IVF? IVF is a process of fertilization by combining an egg and sperm in a [...]
While students struggle to pay rising tuition costs, many are also facing a tough lesson in personal finance courtesy of cost-cutting universities and Higher One Holdings Inc., a company that provides student financial aid refunds. Founded in 2000, Higher One now serves over 700 colleges nationwide. Over the past year, student accounts have risen by [...]
The Durbin Amendment had a lot of promise: it would break the Visa-MasterCard processing duopoly, lower prices for consumers and help small businesses struggling in a tough economic climate. In theory. In practice, however, interchange regulation has had an immediate, visible, adverse effect on businesses and consumers alike – and, unfortunately, that effect has been [...]
Happy New Year from NerdWallet | Politics! The Consumer Financial Protection Bureau’s entire short life has been plagued by controversy, only exacerbated by President Obama’s recess appointment of Richard Cordray to its head. But lost in the debate is a central tenet of the Bureau that both Republicans and Democrats should cheer: a focus on [...]
Professor Chris Hoofnagle, director of UC Berkeley’s Center for Law and Technology information privacy programs, wrote blog posts about Bank of America’s fees before it was cool. In a June 2010 post, he spoke out in favor of Bank of America’s new basic checking account fees, making the argument that free checking was never actually [...]
Tomorrow, on October 1st, the first provisions of the Durbin Amendment will take effect. Debit card interchange fees will be capped at 21 cents plus 0.05% of the transaction, with the possibility of an additional cent if banks and card networks comply with certain security procedures. Banks argue that interchange fees are necessary to fund [...]
While students struggle to pay rising tuition costs, many are also facing a tough lesson in personal finance courtesy of cost-cutting universities and Higher One Holdings Inc., a company that provides student financial aid refunds. Founded in 2000, Higher One now serves over 700 colleges nationwide. Over the past year, student accounts have risen by [...]
The Durbin Amendment had a lot of promise: it would break the Visa-MasterCard processing duopoly, lower prices for consumers and help small businesses struggling in a tough economic climate. In theory. In practice, however, interchange regulation has had an immediate, visible, adverse effect on businesses and consumers alike – and, unfortunately, that effect has been [...]
This just in: the credit card application process is about to get easier. The U.S. Consumer Financial Protection Bureau (CFPB) has unveiled a simplified credit card agreement for card issuers to use in lieu of traditional paperwork. The new, two-page agreement highlights important information in large type and uses plain language to help consumers understand [...]
Luis Jerry Pedroza: Easy to say that Americans suck at something when you aren't American,...
Kristi: Rmira56, federal student aid is not intended as a business opportunity...
Rmira56: i bet those same students know where to buy the cheapest beer in town....
WisTex: Two of my debit cards were closed by the issuer because of the Durbin ...
Kevin Butler: How can you identify a liberal policy: it achieves results exactly opp...