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Credit card miscellany (121)
April 8, 2008 Archives
A new GAO report details the use of charge cards by government employees, and finds that some of them were irresponsible and a lot of them were sloppy about their paperwork. Hmmm. Where have we seen this before?
Credit card industry forum hosted by the Federal Reserve Board yields promise of new rules.
Earlier today, the Federal Reserve released the minutes from its March 18 meeting, following the usual lag between when the central bank makes monetary decisions and the sharing of the discussion that accompanies those decisions. Based on the latest set of minutes, the Fed experienced some internal disagreement regarding its move last month to cut interest rates by three-quarters of a point to 2.25 percent.
It's bad enough when someone steals your credit card number and buys a big screen TV or applies for additional credit cards. What's worse is when someone commits crime in your name -- especially when it involves child pornography. BBC reports that Simon Bunce, a British man with a six-figure salary and respectable home life, was falsely branded a pedophile after his credit card information was stolen.
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