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Living with credit (248)
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New, interesting products (69)
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Research, regulation, industry reports (177)
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Rewards (23)
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Protecting yourself (113)
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The fine print (36)
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Credit card miscellany (280)
Research, regulation, industry reports
Now is a bad time to be a credit card issuer and times are only going to get tougher, according to Fitch Ratings.
In an effort to encourage more accurate tax reporting, the IRS would have a chance to look at the revenue that businesses receive through their merchant accounts.
A new survey of African-Americans finds they trust the police and government more than credit card companies.
Credit card issuers' marketing practices on college campuses got a raking-over from a congressional subcommittee Thursday, and one witness said it's about to get worse: The agreements between colleges and card companies are under investigation by the New York Attorney General, one witness revealed.
This afternoon, the Fed announced that it was leaving interest rates unchanged for the first time since last summer. The decision followed seven straight rate cuts that lowered the fed funds rate to 2 percent from 5.25 percent back in September 2007, as the central bank worked to keep a troubled U.S. economy afloat.
Want proof of just how fast that Chinese economy is growing? Try this: The total number of credit cards in China nearly doubled in the past year, according to the nation's central bank.
In March 2007, amid fanfare and praise from usual critics, Citi dropped two unpopular credit card practices -- universal default and "any time, any reason" rate hikes. A news report says they're considering bringing them back
Are we in a recession? A newly released research paper from the Philly Fed says that the economic data from the past six recessions strongly resembles the data we see today.
Wave of the future may come with privacy and security problems, consumer groups say.
A scary report from KIRO-TV shows how anyone can buy an RFID reader that can be plugged into a USB port of a laptop. Put a credit card within a few inches of the reader and the laptop displays the card owner's name, credit card number and expiration date -- enough data for a thief to go shopping.
There's word from two different sources that many older Americans may be struggling under the weight of credit and debit card obligations. The Durham, N.C.,-based Center for Responsible Lending released a study today detailing how debit card use is the...
In the first three months of this year, both credit card debt and credit card delinquency fell, according to the latest quarterly credit card analysis from TransUnion. The major credit bureau is in an ideal place to spot credit card trends becuase it maintains a massive database of consumer debt records.
If Barack Obama's elected president, he says he'll reform the way credit card issuers increase interest rates. And if that happens, he may end up helping out Sen. John McCain. According to newly released financial disclosure forms, McCain's been paying an eye-popping 25.99 percent on his personal credit card.
After some initial difficulty this morning, I signed up for six months of free credit monitoring as part of the class action settlement with credit bureau TransUnion.
Credit card lending standards have tightened sharply this year, according to a federal banking report issued today, and that means credit card offers will be tougher to come by for already cash-strapped consumers.
Disclosure alone is not enough when it comes to today's complex credit card agreements. Federal Reserve Board Governor Randall Kroszner said as much and more during an eye-opening, frank speech today in Cleveland while addressing the Cleveland Community Development Policy Summit. The...
Under the terms of a settlement reached last year, even more consumers could find themselves eligible for free email alerts and unlimited access to their TransUnion credit reports and credit scores, provided they act before July 22.
Two women who allegedly harassed Spanish-speaking consumers and tried to collect on debts that didn't exist have settled charges filed by the U.S. Federal Trade Commission (FTC). According to an FTC press release issued today, the women -- Maria Oceguera and her...
College basketball star O.J. Mayo may have enjoyed thousands of dollars in perks, including a hotel room the former University of Southern California freshman guard shared with a girlfriend, clothes, meals at Los Angeles eateries and a flat-screen television -- all paid for with the credit card issued to a nonprofit organization.
Illegal drug operations, terrorist groups and other criminal enterprises use money laundering to hide the movement of their funds. So after reading in the Wall Street Journal that the Supreme Court today ruled against the government in two distinct money laundering cases, my concern was that it may become harder for authorities to target terrorists and other criminals for prosecution.
Further details have emerged about what consumers stand to gain from the settlement of a class action lawsuit against credit reporting giant TransUnion. The details revolve around the words "millions" and "billions."
Millions of consumers will soon be eligible for free credit monitoring for nine months as the result of a class action lawsuit tentative settlement announced today.
Dads shouldn't expect much this Father's Day, but those who are getting something should expect gift cards. That's the finding reported by Brand Keys, a brand and customer loyalty consultancy based in New York. According to the results of a consumer study, while dads usually get less on their designated day than moms do, fathers are becoming an increasingly discretionary expense.
Tired of getting hit with late fees for credit card payments that arrive hours after a 1 p.m. or noon payment deadline? Credit card issuers would no longer be able to set early morning or other seemingly arbitrary deadlines for...
Uncollectable credit card accounts slowly growing -- but are not at historic highs, new Federal Reserve data shows.
In its biggest sweep ever targeting telemarketing fraud, the FTC announced "Operation Tele-PHONEY," a partnership with more than 30 international, federal, state and local law enforcement agencies. According to a Web cast and press release issued today, the FTC has filed federal district court complaints against "13 allegedly deceptive telemarketing operations." The FTC estimates that the law enforcement actions will save consumers around $30 million over the next year.
Credit card issuer Capital One says that charge-offs in its U.S. card business rose in April, while delinquencies fell.
New rules would ban unfair and deceptive trade practices in credit card industry.
Make state lotteries offer savings programs and get children saving early to encourage thrift ethic, report says.
Credit cardholders are apparently charge-happy once more: After a slowdown in February, credit card activity ramped up in March.
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The credit card industry stays under a microscope, both from researchers and regulators, the issuers' reports provide a snapshot on the economy. Find the latest data here.
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