Recap: Woman Refused Access To Bathroom, Fake AirBnB Scam & More

 

  • I Worked at Capital One for Five Years. This Is How We Justified Piling Debt on Poor Customers. The New Republic. I actually don’t think Capital One sounds that bad in this piece, especially as it seems to have been written as a ‘hit piece’. It’s also interesting that this person talks about a secured card being a lending option, when really it’s used to rebuild credit. I think she fundamentally misunderstands what a secured credit card is for, for example she compares it to a payday loan but nobody is going to hand over a security deposit for a secured card in those circumstances as they want access to more money not the same amount (or less after an annual fee). I have a lot of issues with secured cards and companies that specifically target people rebuilding credit and Capital One is far from perfect but they are actually one of the better issuers in this space.
  • Fake AirBNB rental scams elderly couple out of thousands: report by Fox News.

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