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April 29, 2008 Archives
Credit bureau TransUnion said that both credit card debt and delinquency increased in the final months of last year.
PCI standards exist to keep credit card transactions and data safe. While some merchants are not yet PCI compliant, it turns out that even those who are may not have enough safeguards to ward off data breaches. Many retailers are beginning to go above and beyond the industry standards to further protect their customers' data.
Are the Fed's unfair and deceptive trade practices regulations too little, too late as one congresswoman suggests?
The Wall Street Journal reported that an appeals court on Friday reinstated a 2005 lawsuit charging some of the leading U.S. credit card issuers with breaking the law by forcing credit card users to sign away their right to bring complaints to court by including arbitration-only clauses in cardholder contracts.
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