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Living with credit (95)
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New, interesting products (35)
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Research, regulation, industry reports (95)
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Credit card miscellany (78)
Credit card miscellany
Credit card issuer Capital One says that charge-offs in its U.S. card business rose in April, while delinquencies fell.
Credit cards are a normal part of day-to-day life, though from time to time, they result in wacky, bizarre and often comedic events. Here are seven of the most interesting and odd credit card stories seen in the news recently.
Nursefinders asked banking giant JPMorgan Chase to offer temporary staff a Chase payroll card that gets loaded with the day's salary as quickly as two hours after a time card is submitted.
As gas and food prices spike in this unstable economy, credit card debt is also on the rise. Those who accumulate debt they cannot pay off face consequences such as harassing calls from debt collectors and even home foreclosure. Think that sounds bad? If you lived in the United States or United Kingdom in the 1700s and 1800s, you would have been thrown in prison for reneging on your payments. Should debtors' prisons make a comeback?
Credit cardholders are apparently charge-happy once more: After a slowdown in February, credit card activity ramped up in March.
Just another reason to continue the shift from cash and coins to plastic: Some coins now cost more to produce than what they are actually worth.
Getting approved for a credit card became increasingly difficult for consumers with bad credit, based on the results of the latest Federal Reserve bank data.
This was an exciting week in the personal finance world: Another rate cut, Fed approval of rules to end unfair credit card practices and an announcement that the stimulus checks are out early. Accordingly, I have found great questions, advice and thoughts in the personal finance blogosphere. Here is this week's round-up, including topics such as personal debt being sold on eBay, why credit cards are handy for paying bills and a scam from 1800-Flowers.
A U.S. court has granted the Federal Trade Commission's request to penalize a Canadian group that engaged in a cross-border telemarketing scheme. Under their ploy, the Canuck fraudsters offered credit cards and free gifts to consumers in exchange for a fee -- but ultimately failed to provide either the cards or items.
Credit bureau TransUnion said that both credit card debt and delinquency increased in the final months of last year.
American Express says its first-quarter profit was hurt by increasing loan-loss provisions and delinquencies, signaling that the economic slowdown is catching up with even AmEx's more affluent cardholder clientele.
Cars are putting a crimp on U.S. wallets, according to an analysis by credit bureau TransUnion, which says that auto loan debt rose nationwide in the final months of last year.
Credit card write-offs for Target Corp. increased from 6.8 percent to 8.1 percent from February to March, reports Bloomberg.com.
In Japan, smart cards are in wide use, and are being put to a noble cause -- preventing kids from buying cigarettes.
Last week, I posted my top seven favorite credit card posts from the blogosphere. It got a great response, so I've decided to do a weekly round-up in the same format. Here are nine of the best I found this week.
3 tips you must know about buying gas in this age of soaring oil prices
Should doctors deny non-emergency health care appointments if patients don't have credit cards?
U.S. Bancorp saw its first-quarter net profit slip 3.5 percent amid a sizable increase in the bank's provision for credit losses, even as revenue advanced.
Between the credit crunch and the prevalence of identity theft, credit cards are frequently in the news. From time to time, however, credit cards result in unexpected and often funny news. Below are five of the wackiest recent credit card stories to hit the press.
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Sometimes credit card news and developments defy definition. But they'll never defy description. See them here.
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