Should banks be able to set spending limits on debit cards?

FROM CNN's Jack Cafferty: One of the largest consumer banks is thinking about putting its customers on a budget. According to a new report from CNNMoney.com, JPMorgan Chase is considering capping purchases you make with a Chase debit card at $50 or $100. [cnn-photo-caption image=http://i2.cdn.turner.com/cnn/2009/images/05/20/art.credit.cards.jpg caption=""] That's because new laws are going into effect this … Continue reading Should banks be able to set spending limits on debit cards?