Consumer group calls for more scrutiny of credit card loyalty programs

Share this article and your comments with peers on social media Some banks offer reduced credit card interest rate for clients affected by virus Related news Yet, it says that there is little in the way of consumer protection where these programs are concerned. For example, the report points out that consumers have little recourse when loyalty program providers unilaterally decide to devalue their loyalty currency, or change the terms and conditions of these programs. As a result, it recommends that industry-wide guidelines be introduced relating to loyalty currency devaluation. It also recommends that there should be a complaints body for consumers on issues relating to loyalty programs; that there should be guidelines regarding the notice required when the terms of loyalty programs are changed, and covering the handling of consumer data after they withdraw from a loyalty program. It also says there should be standards governing the transfer of loyalty program currency; that the Financial Consumer Agency of Canada (FCAC), or other federal agency, should be assigned to evaluate and rate credit card vehicles associated with loyalty programs; and that loyalty program operations should be covered by the Financial Consumer Code of Conduct that was announced in the last federal budget. “PIAC is calling on policy makers to define ‘loyalty currency’ as a form of non-cash payment, with the intention of having loyalty currency enjoy protections similar to other forms of payment under the payments system in Canada,” said John Lawford, executive director of the PIAC. Facebook LinkedIn Twitter A new report from a consumer advocacy group calls for greater oversight of the loyalty programs that credit card companies and banks use to entice customers. The report released Wednesday from the Public Interest Advocacy Centre (PIAC) says that consumers need more protection when it comes to these loyalty programs, which, it says, are often a primary factor in consumers deciding between credit cards. These programs are a significant revenue generator for banks, and consumers are exchanging valuable personal data about their spending habits for these loyalty rewards, the report notes. One in five Canadians will need to liquidate an asset to pay for debt: survey James Langton Keywords Credit cards Consumer debt driven by new mortgages, but credit card debt at six-year low read more

New survey shows scooter riders skew young, male and affluent

first_img Smaktawk says: Diego says: Joe Schmitz says: Comments are closed. From Den Mother to Activist Mom With MLK, Eleanor, RFKMalibu – Opening Reception for Cultural Arts Commission’s Art Exhibition “Radical Beauty, Malibu Rising: Reflections on the Woolsey Fire”You Might Also LikeFeaturedNewsBobadilla rejects Santa Monica City Manager positionMatthew Hall8 hours agoNewsCouncil picks new City ManagerBrennon Dixson19 hours agoFeaturedNewsProtesting parents and Snapchat remain in disagreement over child protection policiesClara Harter19 hours agoFeaturedNewsDowntown grocery to become mixed use developmenteditor19 hours agoNewsBruised but unbowed, meme stock investors are back for moreAssociated Press19 hours agoNewsWedding boom is on in the US as vendors scramble to keep upAssociated Press19 hours ago How about a different headline? “Most Scooter Riders Ditch Car and Reduce Traffic Jams”. What a negative headline the highlights the selective use of information in journalism. 4 Comments Headline: Why we are not shocked that the entitled asshats riding on the sidewalk and flaunting the law are young, rich punks. This survey doesn’t appear to be in line with reality. 1/3 of users say they use a helmet at least half the time? Look around how many people do you see wearing helmets? Maybe 1/3 should be 1/3 of 1%center_img HomeFeaturedNew survey shows scooter riders skew young, male and affluent May. 10, 2019 at 9:32 amFeaturedNewsNew survey shows scooter riders skew young, male and affluentMadeleine Pauker2 years agoNo tags Most people who ride e-scooters and e-bikes in Santa Monica are young, male and affluent, according to a survey released Wednesday.The user survey was created by the City of Santa Monica and was open to responses from Jan. 25 to Feb. 15. The four scooter and bike companies authorized to operate in the city distributed the survey through email and in-app pop-ups. A total of 4,700 users self-selected to respond to the survey, with approximately 3,000 completing all 21 questions.The survey gathered demographic information and gauged riders’ knowledge of Santa Monica’s shared mobility pilot program, which launched last September and regulates Bird, Lime, Lyft and Jump, which is owned by Uber. It prohibits scooters and bikes on the sidewalk, in parks and certain downtown areas.Only 10 percent of those surveyed reported being unfamiliar with the pilot program, and 59 percent said they were very familiar with it.According to the survey, 35 percent of riders are Santa Monicans, 44 percent are from elsewhere in Los Angeles County and 21 percent live outside the county. 42 percent are between 25 and 34, 21 percent are 18 to 24 and two percent are under 18. 34 percent are 35 and older. 69 percent are men.About half of riders earn more than $75,000. 28 percent earn between $30,000 and $75,000 and 20 percent earn less than $30,000.Three-quarters of riders own a vehicle, less than 10 percent share a vehicle and 15 percent don’t have access to one.Riders use scooters and bikes for a wide range of purposes. Work and recreation trips were the most commonly reported trips, at 31 percent and 23 percent of trips, respectively. Half of those trips replace a car trip, while 38 percent replace a walking trip.44 percent use the devices less than once per week, 30 percent use them one to three times per week and 26 percent use them more than three times per week. 54 percent said a lack of bike lanes prevent them from riding scooters or bikes as much as they would like, and 45 percent said it was difficult to locate the devices.Two-thirds rarely or never use helmets, which is not a requirement in California under a state law that went into effect Jan. 1. 86 percent of all riders know they are not allowed to ride on the sidewalk, but 20 percent still do. 77 percent ride on streets with bike lanes and half ride on streets without bike lanes. About 70 percent know that they can’t ride on the Promenade or beach path and slightly less than half know they are not allowed in Palisades [email protected] on Facebookshare on Twittershow 4 comments May 11, 2019 at 9:41 PM May 10, 2019 at 9:52 AM May 11, 2019 at 6:20 PM May 10, 2019 at 4:58 PM Note the problems with self-selected surveys, conflating scooters & bikes, and social desirability biases – we often don’t get very good results.Respondents claim to wear helmets far more often than observed – particularly for scooters. Alternatively one can check this with the UCLA health(scooter injury) data. The scooter companies have incentives to inflate helmet use as well and thus the nature of how surveys were emailed to folks matters as does the response rate. Jim hall says: last_img read more

Fantasy Fastlane: 2018 Overton’s 400

first_img Featured Gallery 2021 NASCAR Cup Series schedule in photos Power Rankings: NASCAR’s top 10 prospects, 23 and under At-track photos from Homestead-Miami There have been 19 drivers to win in the NASCAR Cup Series for Hendrick Motorsports, with the latest being William Byron. Power Rankings, presented by Mack Trucks: New year, new No. 1 at Daytona? Paint Scheme Preview: 2021 Daytona Road Course Featured Gallery 2021 NASCAR Cup Series schedule in photos All of Hendrick’s wins by driver There have been 19 drivers to win in the NASCAR Cup Series for Hendrick Motorsports, with the latest being William Byron. Paint Scheme Preview: 2021 Daytona 500 VIEW GALLERY Power Rankings: Austin Dillon rises after nearly securing second Daytona 500 [email protected] WinseNascarFantasy FastlaneLineup GalleryMemorable MomentsNASCAR CompetitionPaint Scheme PreviewPower RankingsThrough the YearsTrack Winners Paint Scheme Preview: 2021 Homestead-Miami Speedway Fantasy Fastlane: Previewing the 2021 season with driver tier rankingscenter_img Fantasy Fastlane presented by Jackpot Races: Elliott, Truex and who else for Daytona road race? Fantasy Fastlane See More Fantasy Fastlane Power RankingsPaint Scheme PreviewFantasy Fastlane More Galleries Power Rankings See All Power Rankings Power Rankings: Kurt Busch trending up after top five on road course Paint Scheme Preview: 2021 Busch Clash All-time winners for Hendrick Motorsports There have been 19 drivers to win in the NASCAR Cup Series for Hendrick Motorsports, with the latest being William Byron. Fantasy Fastlane presented by Jackpot Races: Ring the Bell at Miami VIEW GALLERY Fantasy Fastlane presented by Jackpot Races: Hard to the hole with Hamlin for Daytona 500 Paint Scheme Preview See All Paint Scheme Preview last_img read more

Helical Bar delivers record full-year results

first_imgTo access this article REGISTER NOWWould you like print copies, app and digital replica access too? SUBSCRIBE for as little as £5 per week. Would you like to read more?Register for free to finish this article.Sign up now for the following benefits:Four FREE articles of your choice per monthBreaking news, comment and analysis from industry experts as it happensChoose from our portfolio of email newsletterslast_img

Results of weekend friendlies

first_imgThe national under-17 football team spanked a select side of Asante Kotoko 4:1 at the Baba Yara Stadium on Sunday.The match was one of many friendlies organised by clubs to fine-tune preparations ahead of the 2008/2009 Onetouch League.At the Ohene Djan Stadium, Hearts of Oak beat Wa All Stars by 2:1, while newly promoted premiership side, Berekum Chelsea pipped King Faisal 1:0 at the Sunyani Coronation Park.Okwahu United held Top Four Champions, Liberty Professionals 1:1 at Nkawkaw, while Heart of Lions also settled for 1:1 with a Koforidua select side at Koforidua.last_img