May 2010 News
- Students use credit cards to fill financial gap
Category: Economy News
May 31, 2010
More students are turning to credit cards to help pay for their college expenses a study finds.more
- Many unsuccessful opening online bank accounts, report finds
Category: Economy News
May 30, 2010
Online banking may offer several perks, but many consumers experience difficulty opening accounts.more
- Less government involvement with financial services wanted, survey finds
Category: Economy News
May 29, 2010
Americans report that they would like to see less goverment interference in the financial services sector.more
- Reduced credit line barely effects credit score, study finds
Category: Credit Card News
May 28, 2010
A reduced credit line does not drastically change credit scores, a study finds. more
- Late credit card payments and balances down
Category: Credit Card News
May 28, 2010
A study shows that more people are paying their credit card bills on time and carrying lower card balances.more
- Battle of swipe fees continues
Category: Credit Card Legislation News
May 28, 2010
The battle between Illinois Senator Dick Durbin and credit card companies rages on over swipe fees.more
- Database designed to help consumers
Category: Credit Card Legislation News
May 27, 2010
A database with over 300 credit card plan details was created by the Federal Reserve Board for consumers.more
- Discounts for cash payment allowed in Vermont
Category: Credit Card Legislation News
May 27, 2010
New law will allow companies to give consumers incentives to pay with cash instead of credit cards.more
- Consumers optimistic, data finds
Category: Economy News
May 27, 2010
A growing number of people are feeling confident about the job market, data shows. more
- Financial stress hangs over many
Category: Economy News
May 26, 2010
Financial stress continues to bother many Americans, according to a consumer index.more
- Lenders remain cautious
Category: Credit Card News
May 26, 2010
Bankers remain uncertain about lending credit to consumers, a study finds.more
- More consumers favor renting, survey finds
Category: Economy News
May 25, 2010
A study finds that more people favor renting over home ownership.more
- Many Americans underinsure their largest asset, survey finds
Category: Economy News
May 24, 2010
A survey reveals that most Americans don't have enough insurance for their home, even though they consider it their most valuable asset.more
- Free credit scores for consumers proposed
Category: Credit Card Legislation News
May 21, 2010
A proposed amendment will allow consumers free access to their credit score.more
- Bankruptcy Filings Surge
Category: Economy News
May 21, 2010
Bankruptcy filings have surged to their highest levels in four years. A combination of debt and unemployment are just a couple of factors contributing to the increase.more
- Summer offers same number of job opportunities
Category: Economy News
May 20, 2010
A survey shows about an equal number of employers plan on hiring this summer as last.more
- Residents of Seattle metro area post highest average debt amount
Category: Credit Crunch News, Economy News
May 19, 2010
On average, consumers in Seattle owed more than $26,000 in March, Experian reported recently.more
- Number of properties in foreclosure process drops in April
Category: Credit Crunch News, Economy News
May 18, 2010
RealtyTrac reported that April saw foreclosure filings fall 9 percent from levels seen in March, although bank repossessions increased.more
- Square card readers now available
Category: Online Banking News, Economy News
May 17, 2010
A credit card swipe device that can attach to certain mobile devices is now being offered by Square.more
- Durbin interchange fee amendment approved by Senate
Category: Credit Card Legislation News
May 17, 2010
An amendment to financial reforms being considered by the U.S. Senate would give merchants the option of offering discounts based on payment methods.more
- Change to financial reform would enforce state interest rate caps
Category: Credit Card Legislation News
May 16, 2010
Senator Sheldon Whitehouse is looking to make national banks adhere to interest rate limits set by states.more
- Despite decline, bankruptcy filings up year-to-year
Category: Credit Crunch News, Economy News
May 15, 2010
Bankruptcies are up 17 percent over 2009, the NBRC reports.more
- Debt settlement legislation close to becoming law
Category: Credit Card Legislation News, Credit Crunch News
May 15, 2010
If a new law takes effect in Illinois, companies offering debt settlement would not be able to collect fees until they deliver their services.more
- Synovate: Credit card offers increased in first quarter
Category: Capital One Credit Card News, Credit Crunch News
May 13, 2010
Direct mailings for credit card offers rose in the first quarter.more
- Vermont's Welch introduces interchange fee legislation
Category: Credit Card Legislation News
May 12, 2010
A bill from Vermont Democratic Representative Peter Welch would give merchants more power over interchange fees associated with card transactions.more
- Although confidence improves, most consumers still feeling negative
Category: Credit Crunch News, Economy News
May 12, 2010
Consumer Reports noted that its Sentiment Index increased to 44.6 in May.more
- Debt on credit cards maintains decline in March, Fed says
Category: Credit Crunch News, Economy News
May 11, 2010
The Federal Reserve System recently reported that the amount of credit card debt fell at an annual rate of 4.5 percent in March.more
- LA unveils meters that take credit cards
Category: Economy News
May 10, 2010
New parking meters in Los Angeles that take credit cards should improve service and revenues.more
- Delta, AmEx announce free baggage check for card holders
Category: Airline Rewards Credit Card News, American Express Credit Card News
May 10, 2010
Travelers who have a Delta SkyMiles card will be able to check their first bag for free starting June 1.more
- Consumer credit risk falls, TransUnion says
Category: Credit Crunch News, Economy News
May 7, 2010
TransUnion reported that consumer credit risk declined in the first quarter.more
- Debt settlement subject of BBB-filed complaints during recession
Category: Credit Crunch News
May 7, 2010
The Better Business Bureau is warning consumers about debt settlement, which can come with upfront fees.more
- NACS calls for members to contact senators about interchange fees
Category: Credit Card Legislation News
May 6, 2010
Amendments introduced by Senator Dick Durbin would limit interchange fees.more
- AmEx launches prepaid card for parents, teens
Category: Prepaid/Debit Card News, American Express Credit Card News, Credit Card Legislation News
May 6, 2010
A new prepaid card called PASS may give parents more control over their children's finances.more
- First quarter sees increase in MasterCard revenues
Category: MasterCard Credit Card News
May 5, 2010
Net revenues for MasterCard Incorporated were up 13.1 percent during the first quarter of 2010, while purchase volumes also climbed.more
- Federal officials taking tips regarding oil spill disaster fraud
Category: Identity Theft News
May 5, 2010
Consumers who think they may have encountered fraud tied to the recent oil spill in the Gulf can call, fax or email government officials to report it.more
- Being without debt tied to notions of financial success
Category: Credit Crunch News, Economy News
May 4, 2010
A survey from TD Ameritrade showed that 39 percent of respondents tied debt to financial well-being.more
- March posts gain in consumer spending, BEA reports
Category: Economy News
May 4, 2010
Consumers may be feeling more confident in the economy, as consumer spending increased in March.more
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