Tag Archive | "Credit Cards"
Weekly Credit Card Rate Report
Interest rates on new credit card offers rebounded this week, according to the CreditCards.com Weekly Credit Card Rate Report, after U.S. Bank raised rates on several of its card offers.
Continue reading...Foreclosure Experts Claim Credit Card Reform Harming Housing Industry
Wednesday, February 24, 2010
Foreclosure experts at USHUD.com and Heavy Hammer Inc. say the Credit Card Accountability Responsibility and Disclosure (CARD) Act of 2009, which went into effect this week, is slashing into an already beleaguered real estate market. Michael Urbanski, CEO of USHUD.com and Heavy Hammer Inc., says credit card companies, in anticipation of this law becoming effective, have [...]
Continue reading...41st Parameter Extends Fight Against Online Fraud Through Expanded Operations in Europe
Tuesday, February 16, 2010
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Appoints Information Security Industry Veteran to Drive EMEA Expansion 41st Parameter, the leading provider of web fraud detection and prevention solutions, today announced the expansion of its European presence with the opening of a new office in Munich, Germany. The company simultaneously announced the appointment of information security veteran David Curran as vice president of [...]
Continue reading...Credit Card Statements Will Have A New Look in February
Thursday, January 28, 2010
NFCC Works with Lenders to Encourage Consumers to get Help from Certified Counselors Sooner The Credit Card Accountability Responsibility and Disclosure Act of 2009, commonly known as the CARD Act, has been signed into law and the Board of Governors of the Federal Reserve System has issued a final rule elaborating on some of the CARD [...]
Continue reading...FDA Warns Public of Continued Extortion Scam by FDA Impersonators
Monday, January 4, 2010
The U.S. Food and Drug Administration is warning the public about criminals posing as FDA special agents and other law enforcement personnel as part of an international business extortion scam. The criminals call the victims — who in most cases previously purchased drugs over the Internet or via “telepharmacies” — and identify themselves as FDA special [...]
Continue reading...Weekly Credit Card Rate Report for Week of December 30
Saturday, January 2, 2010
Interest rates on new credit card offers edged slightly lower again this week, according to the CreditCards.com Weekly Credit Card Rate Report, but experts call recent rate declines uncharacteristic of a larger upward trend. The national average credit card annual percentage rate is comprised of about 95 of the most popular credit cards in the country, [...]
Continue reading...New Credit Card Legislation Starting Soon - Interest Rates Rise, Credit Limits Decrease
Tuesday, December 29, 2009
Credit card companies are responding to the new Credit Card Legislation by dropping the hammer on customers. Credit Card companies are already adapting and trying to find new ways to minimize risk and hang onto profit margins. Consumers may have already started to feel the effects of it with higher interest rates and lower credit limits. According [...]
Continue reading...House Stands Up for Consumers, Small Businesses and Taxpayers; Votes for Financial Reform
Monday, December 14, 2009
“We are very pleased the U.S. House of Representatives has taken an important step toward restoring our country’s financial stability by voting to pass the Wall Street Reform and Consumer Protection Act of 2009 (H.R. 4173). The bill would provide consumers with significant protections from the industry practices that dismantled our economy and those of [...]
Continue reading...Supermarket Loyalty Cards vs Rewards Credit Cards
Wednesday, December 2, 2009
Can rewards credit cards keep up with trusted supermarket brands? Financial Facts report has analysed the impact of the development of the traditional British loyalty card and its evolution into the credit card market. One-in-four Britons are part of Tesco’s Clubcard scheme, with Sainsbury’s and Asda offering similar equivalents. As part of the recession, people are understandably [...]
Continue reading...What to Look for in an ID Theft Benefit for Employees
Wednesday, November 25, 2009
The Federal Trade Commission (FTC) estimates that 9 million Americans have their identities stolen each year, usually via credit cards Some victims spend hundreds of dollars and many weeks repairing damage to their credit records. The potential drain on productivity, combined with concerns about data breaches, has prompted many companies to seek prevention or restoration services [...]
Continue reading...Consumers Union Urges Fed to Stop New Credit Card Tricks and Traps
Friday, November 20, 2009
Consumers Union urged the Federal Reserve Board today to stop credit card companies from unfairly hiking interest rates and engaging in other unfair practices designed to get around new consumer protections set to go into effect in early 2010. The Fed is currently considering a set of proposed regulations to implement the Credit CARD Act passed [...]
Continue reading...Fed Overdraft Rule Inadequate, Congress Must Act
Sunday, November 15, 2009
Statement of Eric Halperin, director of the Washington D.C. office of the Center for Responsible Lending: “The Federal Reserve Board’s action today on debit and credit card overdraft fees legitimizes an abusive product without providing any substantive protections for bank customers. We appreciate that the Fed chose to implement the strongest overdraft reform rule it was [...]
Continue reading...A Debit Card Christmas
Thursday, November 12, 2009
“Total retail sales and credit card usage are expected to rise 1.6% from a year ago, as consumers dip their toes back into the retail pool. General merchandise and apparel store sales (GMA), which more closely track seasonal spending patterns, are expected to rise 1.3%. After adjusting for inflation, both series essentially will be flat from [...]
Continue reading...What Would H.R. 2382 Really Do?
Wednesday, October 7, 2009
In advance of the October 8th hearing in the House Financial Services Committee on H.R. 2382, “The Credit Card Interchange Fees Act,” sponsored by Rep. Peter Welch (D-VT), the Electronic Payments Coalition has issued the following statement: “H.R. 2382 is one of the most egregious assaults on consumer protection that this country has seen in some [...]
Continue reading...New Survey Results Reveal Serious Concerns About 7-Eleven Petition
Wednesday, September 30, 2009
Three quarters of respondents in a new consumer survey believe the fees merchants pay for accepting credit cards are just a cost of doing business, and that merchants should pay those fees. These consumers recognize that merchants receive significant benefits from accepting payment cards, and that merchants should pay for those benefits. “Electronic payments provide [...]
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Saturday, March 13, 2010
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