Chicago Cab Driver Allegedly Pepper Sprayed Passenger For Using Credit Card …
News from Huffington Post:

A Chicago man has filed a complaint with the city over a cab driver who allegedly threatened him with a bat and attacked him with pepper spray because he said he wanted to pay his fare using a credit card.

ABC Chicago reports that Bryan Doherty and two friends were picked up by a cabbie near Wrightwood and Orchard in the city’s Lincoln Park neighborhood early Sunday.

Doherty told ABC that when they informed the cab driver that they did not have any cash and would be using a credit card, the driver got out of his cab at their stop and threatened the man and his friends with a small bat. He then allegedly proceeded to use a can of pepper spray on him, according to ABC.

Doherty also appears to have taken to Yelp to spread the word about the incident, which reportedly took place in a Flash Cab. In a review posted on Monday, “Bryan D.” writes that he asked the cab driver to take them to an ATM so they could get cash to pay their $ 6.48 fare when “the driver became erratic and insisted that we were trying to screw him out of money…………… continues on Huffington Post

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We love our debit cards, but not our banks
News from msnbc.com:

By Allison Linn

The recession served as a wake-up call for many of us to get a better handle on our finances, and for a lot of folks that meant replacing one piece of plastic, the credit card, with another, the debit card.

But now, regulatory changes have made those debit cards less of a cash cow for financial institutions. That’s left many banks scrambling to introduce new fees to make up for that lost money.

The problem: Consumers are dead set against the fees, and they don’t necessarily want to start using their credit cards again, either.

A new report from Javelin Strategy & Research finds that few have sympathy for the banks. In fact, 70 percent of the people surveyed for the report said they think banks are the ones benefiting from the new regulations.

Many expect the financial institutions to lose billions of dollars in revenue because the new rules limit how much money they can make every time a retailer swipes a debit card.

“Banks are looking kind of like bad guys lately, and I think it has a lot to do with consumers not really understanding what was going on,” said Beth Robertson, director of payments research for Javelin Research, which does research on financial…………… continues on msnbc.com

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