CreditCards.com

J.P. Morgan Chase, Wells Fargo earnings slip

Jeremy Simon

In the latest earnings announcements from major U.S. credit card issuers, both J.P. Morgan Chase and Wells Fargo said their net income declined in the fourth quarter, even as both banks appeared to avoid the full impact of the subprime meltdown.
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Second Life bans gambling, predatory banks

Emily Crone

Second Life, a virtual online world, has its own currency that can be traded out for real money. Virtual gambling was recently banned in Second Life, and on Jan. 22, due to the fact that a loss of virtual money means a loss of real money, unchartered banks will no longer be welcome, either.
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Citi suffers loss on writedowns, credit costs

Jeremy Simon

Citigroup reported a fourth-quarter net loss of $9.83 billion on subprime-related writedowns and a spike in U.S. consumer credit costs.
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FTC seeks credit freeze feedback

Daniel Ray

The Federal Trade Commission, as part of its effort to fight identity theft, wants feedback on one of the newest ID-theft tools — the credit freeze.
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The future is now: introducing the digital wallet

Emily Crone

In “Mission Impossible,” “Minority Report,” James Bond movies and even “The Terminator,” eyes, fingers and voices are scanned to identify people and give access to secure places and objects. This futuristic type of identification technology, called biometrics, has been featured in movies for decades. Now it is a reality, and it may be the way of the future when it comes to credit cards.
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