March 2010 News
- Carrying a balance? Avoid rewards cards
Category: General Rewards Credit Card News, Capital One Credit Card News, Credit Crunch News
March 31, 2010
Cards tied to rewards programs may carry fees or higher rates, so people who carry a balance may want to consider other options.more
- FTC suit leads to man banned from telemarketing
Category: Credit Crunch News, Economy News
March 31, 2010
James Nicholson allegedly offered consumers a credit card product that only worked on purchases from particular sites.more
- Police investigate card scam in California
Category: Identity Theft News
March 31, 2010
Thieves in Berkeley are skimming credit and debit card data in order to commit fraud.more
- Consumer court action against debt collectors, other companies increases
Category: Credit Crunch News, Economy News
March 30, 2010
People are starting to battle back against debt collectors by filing civil suits, a practice that increased in 2009.more
- Options for consumers with high credit card debt
Category: Credit Crunch News
March 30, 2010
Finding additional income or a home equity line of credit could help people pay off their credit card debt.more
- Consumers Union calls for additional gift card regulation
Category: Prepaid/Debit Card News, Credit Card Legislation News
March 30, 2010
New rules from the Federal Reserve Board will limit fees on gift cards, though a consumer advocacy group says more could be done.more
- Banks reducing branded credit cards
Category: General Rewards Credit Card News, Economy News
March 29, 2010
In order to cut back on expenses, some card issuers are reducing the number of branded products they offer.more
- Nevada cab authority delays credit card decision
Category: Economy News
March 29, 2010
A group representing cab companies in Nevada is trying to get permission to accept credit and debit cards for rides.more
- Man's death doesn't eliminate credit card debt
Category: Credit Monitoring News
March 27, 2010
When Elmer Duncan died, he still had a department store card with a balance, which a bank tried to collect from his wife.more
- Credit score of 720 or higher for best mortgage rates
Category: Credit Score News, Economy News
March 26, 2010
Mortgage lenders may require that consumers have different sources of credit and a credit score of at least 720 before granting a home loan.more
- FTC director testifies before House subcommittee on credit reports
Category: Credit Report News, Credit Card Legislation News, Economy News
March 26, 2010
New rules from the Federal Trade Commission make it more clear that consumers don't have to pay to get a copy of their credit report.more
- Wells Fargo credit card offers rapid alerts
Category: Visa Credit Card News, Identity Theft News
March 25, 2010
A new program from Wells Fargo and Visa could help alert consumers of fraudulent activity on their credit cards.more
- Fed gift card rules introduced
Category: Prepaid/Debit Card News, Economy News
March 25, 2010
The Credit CARD Act calls for new rules for gift cards, and the Fed complied recently with regulations set to take effect in August.more
- Cornell professor: Dodd's bill helps provide protections
Category: Credit Card Legislation News, Economy News
March 24, 2010
Robert Hockett said the legislation would help add further regulation to the financial sector.more
- Settling credit card debt could lead to owing tax
Category: Credit Crunch News
March 24, 2010
The IRS considers settled debt as taxable income, which means people could still owe money after striking a deal with credit card lenders.more
- Prepaid cards offer alternative to co-signing for credit accounts
Category: Student Credit Card News
March 23, 2010
A New York Times report notes that parents who don't trust their children with credit cards may consider prepaid products.more
- HAMP participants see credit score drop
Category: Credit Score News, Credit Crunch News
March 23, 2010
A government program to help prevent foreclosures is causing some consumers to see their credit scores decrease.more
- Convenience checks may have high rates, fees
Category: Balance Transfer Credit Card News
March 22, 2010
As with credit card offers, convenience checks should be closely examined by consumers.more
- Amount tied to auto delinquencies declines in 4Q
Category: Credit Crunch News, Economy News
March 22, 2010
Experian Automotive said that delinquencies on vehicle loans posted slight increases when compared to 2008.more
- PenFed credit card offers elimination of foreign fees
Category: Airline Rewards Credit Card News, General Rewards Credit Card News, American Express Credit Card News
March 22, 2010
The PenFed American Express product may be especially beneficial to members of the military.more
- FDIC gives advice for online banking
Category: Online Banking News
March 19, 2010
Checking bank accounts often can help consumers keep tabs on fraud.more
- Credit Risk Index increases slightly in fourth quarter
Category: Credit Crunch News, Economy News
March 19, 2010
Lenders may be more willing to grant credit if conditions continue to improve.more
- Dodd unveils new consumer protection bill
Category: Credit Card Legislation News, Economy News
March 18, 2010
President Barack Obama said he would oppose attempts to undermine the authority of a federal consumer protection agency.more
- Fed aims to keep interest rates at current target level
Category: Credit Crunch News, Economy News
March 18, 2010
The Federal Open Market Committee will keep the federal funds target rate at between zero and 0.25 percent.more
- Card companies report delinquency, charge off rates
Category: Discover Credit Card News, Capital One Credit Card News
March 17, 2010
A number of card companies saw their delinquency rates fall in February.more
- Reason why some rewards programs are expanding? Profit
Category: General Rewards Credit Card News
March 16, 2010
Card companies are trying to encourage customers to use their credit cards with expanded rewards programs.more
- Prepaid credit cards won't boost credit score
Category: Prepaid/Debit Card News, Secured Credit Card News
March 16, 2010
Prepaid credit cards don't give consumers the option of building a credit score.more
- Credit rebate program could help district replace funds
Category: General Rewards Credit Card News, Visa Credit Card News
March 15, 2010
As dollars from soft drink sales dry up for a Texas school district, credit card rebate programs could fill the void.more
- Young people increasingly being refused when applying for credit cards
Category: Credit Crunch News
March 15, 2010
Younger people may have a harder time getting credit because they lack a long credit history.more
- AmEx rewards program to help encourage philanthropy
Category: American Express Credit Card News
March 12, 2010
Cardholders will be able to earn bonus points through volunteering.more
- Credit cards continue to be top option for online shoppers
Category: Online Banking News
March 12, 2010
A study from Javelin Strategy and Research shows 70 percent of web shoppers used a credit card.more
- Fed introduces rules associated with credit card interest rates
Category: Credit Card Legislation News
March 11, 2010
As a result of the Credit CARD Act, lenders would have to re-evaluate changes in interest rates.more
- Arkansas correctional system allows online credit card payments
Category: Online Banking News
March 10, 2010
Instead of mailing in payments for their fees, offenders in Arkansas are now able to settle them with a credit card online.more
- Website for Consumer Protection Week highlights Credit CARD Act
Category: Credit Card Legislation News, Economy News
March 10, 2010
Consumers are being encouraged to educate themselves about their finances, including their credit card accounts.more
- Consumers should take measures to avoid ID theft during tax time
Category: Identity Theft News
March 8, 2010
Keeping track of documents one strategy.more
- Firm offers tips to guard against identity theft
Category: Credit Monitoring News
March 5, 2010
Monitoring credit report one strategy.more
- Prepaid cards may help profits at Visa, MasterCard
Category: Prepaid/Debit Card News, Visa Credit Card News, MasterCard Credit Card News
March 5, 2010
Could also boost bottom line of other companies.more
- Fitch: Charge offs increase, delinquencies decline
Category: Credit Crunch News, Economy News
March 4, 2010
Unemployment tied to recent numbers.more
- Man sued by Capital One for failure to pay off credit card
Category: Capital One Credit Card News
March 4, 2010
Company seeks more than $14,000.more
- Parents should take the time to teach about credit
Category: Student Credit Card News, Credit Card Legislation News
March 3, 2010
Should make sure kids understand its benefits, pitfalls.more
- BoA to merge card services, deposit business
Category: Economy News
March 3, 2010
Faulkner will head new organization.more
- Delinquencies on auto loans remain even in 4Q
Category: Credit Crunch News, Economy News
March 2, 2010
Should fall by middle of 2010.more
- Business owners should pick carefully when considering credit card offers
Category: General Rewards Credit Card News
March 2, 2010
Fees and rewards programs should play factors in their choices.more
- Though consumers may consider debt settlement, it could hurt their credit score
Category: Credit Crunch News
March 1, 2010
Programs have people pay off less than they owe.more
- AmEx partners with AirTran for OPEN Savings program
Category: Airline Rewards Credit Card News, American Express Credit Card News
March 1, 2010
Business cardholders can get discounts on air travel.more
- Past years have shown tightened standards for mortgages, credit card offers
Category: Credit Score News, Economy News
March 1, 2010
Number of accounts granted to people with credit score below 700 dropped.more
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