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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
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.
The Federal Reserve's board meeting on unfair banking practices was a fair introduction to Washington's credit card journalistic milieu.
Unfair or deceptive trade practices cited in new proposed credit card banking rules.
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.
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.
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.
Love wins over money most of the time, but con men are more frequently using online dating to find victims. Here's some of the latest news in love and money.
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.
While America is on course to be a land of plastic-only transactions, Great Britain is seeing an increase in cash use. This is likely due to fraud outbreaks, climbing credit card debt and a housing crisis not much different from our own.
Delinquencies and charge-offs were up, but not shockingly so, at Bank of America, according to its first quarter results.
A new survey from AARP reveals that more than half of American adults have made investment mistakes due to confusion by financial jargon. Another recent survey showed teens lack financial literacy. It’s not surprising that young people still have a lot to learn, but it appears that adults aren’t much better off.
With all the carnage in the financial industry's quarterly reports, Capital One's first quarter results can be described as not as bad as it could have been.
It's official. More regulation is coming this spring from the Federal Reserve to improve disclosures and outlaw some credit card industry practices.
The Federal Reserve says the prepaid and gift card industry isn't as big as it thinks.
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.
Capital One said that more of its managed loans went sour in March 2008, according to an 8-K filing with the Securities and Exchange Commission.
When it comes to personal finance, are U.S. high schoolers getting dumber? That appears to be the case based on the results of the latest Jump$tart Coalition student survey: High school seniors correctly answered fewer than half of the survey questions, representing a drop in the percentage of right answers from the 2006 poll.
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.
Recent Federal Reserve interest rate cuts won't completely trickle down to everyday consumers. Ours will be modest cuts -- if any at all.
TransUnion just released its quarterly credit card analysis for the final three months of 2007, and the findings aren't encouraging. Credit card debt and delinquency have both risen, which the credit bureau attributes this to local cost of living and regional economic effects (namely, the mortgage meltdown).
Latest FTC report shows debt collection complaints increase but not as sharply in 2007.
The FDIC's latest quarterly report shows that all lending suffering increased delinquency and defaults, including credit card debt. But it's not evenly distributed: Someone in the Southeast is twice as likely to be late on a card bill.
Credit card issuer Discover Financial Services reported a decline in first-quarter earnings, as the company suffered a loss related to the sale of United Kingdom credit card division Goldfish. Meanwhile, Discover said its domestic credit card unit experienced a 6 percent drop in pretax income amid a higher provision for loan losses -- money set aside to cover loans that may go unpaid in the future.
I talked to lawyers. Bar associations. Credit counselors. State attorney general offices. I was given different answers, wrong answers, no answers and mixed messages. After several excruciating days of research on when credit card debt expires in each state, I realized if the experts couldn't get it straight, and I, as a reporter, had such a difficult time finding the information, consumers didn't stand a chance.
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About
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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