Al Lord Profited When College Tuition Rose. He Is Paying for It. – WSJ

Al Lord, the former chief executive of student-loan giant Sallie Mae, has a complaint about higher education: The price of college is too damn high. Paying for his grandchildren’s education in recent years, he said, left him appalled at the tuition bills that land on his desk every semester. For those who know (or in […]

Visa to Card Customers: Lose the Signature – WSJ

Visa Inc. is ditching the signature. The largest U.S. card network announced Friday that merchants, starting in April, will no longer be required to make consumers sign for debit and credit-card purchases, signaling the demise for a procedure that was once a linchpin of keeping transactions secure. The other major U.S. networks, Mastercard Inc., MA 0.88% American Express Co. and Discover Financial Services , DFS 0.19% in recent months said they would take […]

If You Have 29 Credit Cards, You’re Probably a Millennial – WSJ

When Kyle Allen gets home from work each day, he heads straight for his mailbox. “It does give me a rush,” says the 29-year-old financial analyst from Orlando. What he hopes to find is yet another offer for a new credit card. He and his wife together have 40 of them and have earned, so […]