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Americans may seen lower prices and savings at retail chains when new interchange fees go into effect
As the hot debate surrounding interchange fees begins to wind down in Congress, it looks as though retailers are poised to win a victory. As the House and Senate reached a compromise on a bill that will essentially lower interchange, or “swipe fees,” for credit and debit card transactions, consumers may be wondering how the new legislation will affect their wallets.

Once the bill is signed into law, merchants will feel some financial relief as the interchange fees – costs that the retailers must pay credit card issuers and banks for each credit or debit transaction – will decline. Full Article…

NEW YORK, June 30 /PRNewswire/ — CSG Partners, LLC, the New York-based boutique investment bank, received the Acquisition Financing Deal of the Year award at the M&A Advisor’s 5th Annual Middle-Market Financing Awards.

CSG Partners received the award for structuring the ESOP buyout of International Intimates, Inc., a leading designer, importer, and wholesaler of apparel products. CSG Partners was named a finalist in 8 other categories, including: Boutique Investment Banking Firm of the Year, Debt Financing Agent of the Year, Consumer and Retail Deal of the Year (above $50MM), Professional Services Deal of the Year, Debt Financing Deal of the Year (above $75MM), Acquisition Financing Deal of the Year (nominated twice), Middle-Market Financing Deal of the Year (below $100MM) (nominated twice), and Debt Financing Deal of the Year (below $75MM).

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Nuclear energy has been rising on the nation’s agenda for years because of growing concerns about the environmental damage and national-security risk from using too much fossil fuel. But the massive BP () oil spill has made nuclear power look even more attractive — a potential environmental silver lining from the Gulf of Mexico disaster.

Certainly, memories of the 1979 Three Mile Island nuclear accident and the 1986 Chernobyl meltdown make it difficult for many to embrace nuclear energy. But new plants have compiled strong safety records.

Most critically, nuclear plants don’t produce carbon emissions — which means old fears about potential meltdowns have to compete with environmentalists’ efforts to fight global warming.

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WAWA, Pa., June 26 /PRNewswire/ — Felicity Farm, a pristine estate with grand residence in Wawa, Pennsylvania, was successfully sold during a live, on-site auction today, marking Concierge Auctions’ third success within the Northeast market in recent months, announced George Graham, CEO of the NYC-based luxury real estate auction firm. In cooperation with Debbie McCabe of Prudential Fox & Roach Realtors®, the auction efforts identified 95 prospects from 7 US states, England and Ireland, and ultimately sold the property for $1,567,500, 157% of the reserve, to a local family represented by Lee Greenwood of Prudential Fox & Roach Realtors®.   Full Article…

Dear Debt Adviser,I have several collection accounts from long ago — more than five years ago — that are for relatively small amounts. I am wondering: If I pay those debts, does that restart the seven-year period where they will remain on my credit reports? Or is it seven years from when they were first reported?

Most of those accounts would drop off my credit reports within two years anyway. Am I better off not paying them for this reason? – Scott Dear Scott,

Better off not paying them? Dream on!

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