July 2010 News
- New San Francisco parking meters will take credit cards
Category: Credit Card News
July 30, 2010
Many consumers who have tried to find cheap or free street parking in San Francisco might have been frustrated in the past when they had to pay with spare change. But a new movement will change all that.more
- Those without credit cards still paying for swipe fees
Category: Credit Card News, General Rewards Credit Card News
July 28, 2010
A large amount of credit card swipe fees are being paid for by low-income consumers who purchase goods with cash. Because swipe fees help pay for rewards programs, consumers enrolled in them are being subsidized by those who don't benefit, a study has found.more
- Visa's anti-identity theft best practices earn praise
Category: Visa Credit Card News
July 28, 2010
One industry leader in identity theft prevention has come forward to give Visa acclaim for its latest suggestions regarding consumer protection measures.more
- Former credit union employee arrested for stealing customer's identity
Category: Identity Theft News
July 28, 2010
Sometimes, even the employees of the banks or credit unions consumers visit every day can't be trusted with the personal information they handle.more
- U.S. Bank introduces new tool for small business credit cards
Category: Credit Card News
July 27, 2010
In the past, small business owners may have been curious to see how their employees spend on company-issued credit cards, or measure their credit card revenues against similar merchants. Now they can.more
- Credit card delinquencies and charge offs fell in June
Category: Credit Card News, Credit Crunch News
July 27, 2010
Earlier this month, most major credit card companies reported that their internal figures showed a drop in both delinquency and charge off rates. Now Moody's latest Credit Card Indices have provided an industry-wide figure.more
- Reforms have made credit card debt worse for some
Category: Credit Card Legislation News
July 26, 2010
Many consumers believed that the passage of the Credit Card Accountability, Responsibility and Disclosure Act would help them reduce the amount of credit card debt they carried, especially if that total was particularly large. But that hasn't been the case.more
- American credit and debit cards may not work overseas
Category: Credit Card News
July 26, 2010
Any American consumer that may have gone overseas in recent months might have found that their credit or debit card didn't work, and the reason has nothing to do with their finances.more
- Phishing scam targets Floridians
Category: Identity Theft News
July 26, 2010
A number of emails promising grant money as a result of the BP oil spill have been received across Florida, but it's just another phishing scam.more
- Pew study says credit card reform has been effective
Category: Credit Card Legislation News
July 26, 2010
A new study has found that many of the changes lawmakers intended to make with the Credit Card Accountability, Responsibility and Disclosure Act have worked to consumers' benefits. But there is still work that needs to be done to prevent other abuses from lenders.more
- Misleading credit card offer victimizes consumer
Category: Credit Card News
July 23, 2010
A California man thought he was getting a huge break when a credit card offer promised him no interest on balance transfers, but all he got was a huge headache.more
- Credit card rates remain unchanged once again this week
Category: Credit Card News
July 23, 2010
The national averages for interest rates on credit cards haven't changed in over a month, and this week saw that trend continue.more
- Credit card payments will cost residents of Nevada city
Category: Credit Card News, Credit Card Legislation News
July 22, 2010
Citizens of a Nevada city may soon notice a new charge on the bills they pay if they use their credit card.more
- Georgia comedy club releases customers' credit card information online
Category: Identity Theft News
July 22, 2010
People who visited a comedy club in Georgia should be aware that the establishment may have accidentally leaked their personal information online.more
- Credit card information stolen from restaurants in phone scam
Category: Identity Theft News
July 21, 2010
A man who claimed to be a police detective duped a number of restaurants into giving out the credit card information of its customers.more
- Skimming devices are gaining prominence in Arizona
Category: Identity Theft News
July 21, 2010
While identity thieves all over the country are beginning to employ skimming devices to perpetrate their crimes, the problem has become particularly widespread in Arizona.more
- Visa's anti-identity theft measures earn praise
Category: Visa Credit Card News, Identity Theft News
July 20, 2010
One industry leader in identity theft has come forward to give Visa acclaim for its latest consumer protection measures.more
- Utah power customers targeted in identity theft scam
Category: Identity Theft News
July 20, 2010
Customers of a major power company in Utah are the targets of an attempted identity theft scam.more
- Two senators pushing Fed for greater consumer protection
Category: Credit Card Legislation News
July 20, 2010
While the Federal Reserve will begin enforcing new measures designed to protect consumers from costly fees on their late credit card payments, there are two U.S. senators who believe the rules don't go far enough.more
- ADS writes off less credit card debt in second quarter
Category: Credit Card News, Credit Crunch News
July 19, 2010
In recent months, many credit card issuers have increased the rate at which they write off credit card debt as being uncollectable, but one company is bucking that trend.more
- BBB warns consumers over Amazon.com identity theft scam
Category: Identity Theft News
July 19, 2010
Because millions of Americans use Amazon.com to make purchases small and large, identity thieves know that someone targeted in their latest phishing scam is likely to have used the site recently.more
- More credit card debt was paid off in June
Category: Credit Card News, Economy News
July 19, 2010
As far as most of the major handlers of credit card debt in the country are concerned, more Americans were able to pay off some of their credit card debt in June.more
- Financial overhaul could cost Bank of America billions
Category: Credit Card News, Economy News
July 17, 2010
One of the biggest debit and credit card lenders in the country has announced just how much it expects the new financial overhaul bill could cut into its profits.more
- Akron man pleads guilty to identity theft, other crimes
Category: Identity Theft News
July 16, 2010
A man from Akron, Ohio, recently pleaded guilty to charges that he committed a number of different types of fraud since early 2009. more
- Capital One's June charge offs and delinquencies show slight decline
Category: Capital One Credit Card News, Credit Crunch News
July 16, 2010
While many other credit card companies are reporting lower delinquency rates because the rate at which they write off debts as uncollectable increases, one major lender is reporting drops in both.more
- 'Significant' relationship between small business hiring and credit card debt
Category: Credit Card News, Economy News
July 16, 2010
When small businesses have the ability to secure credit cards, their power to hire new employees and generate revenue increases, according to a new study.more
- Financial reform bill will help those with credit card debt
Category: Credit Card Legislation News, Credit Crunch News
July 16, 2010
Many consumers that have been drowning in credit card debt might finally have some hope that they will be able to get help with their problems.more
- Uncollectable credit card debt part of the reason for increased rates
Category: Credit Card Legislation News, Credit Crunch News
July 15, 2010
Despite what many consumers may have expected when the Credit Card Accountability, Responsibility and Disclosure Act was passed last year, lenders have actually been able to increase interest rates considerably over the last 12 months.more
- Zeus virus targeting major credit card lenders
Category: Identity Theft News
July 15, 2010
While some Americans may not have heard of the Zeus Trojan computer virus, which is used to steal personal credit information from infected computers, their banks and credit card companies certainly have.more
- Decline in consumer spending leads to lowered growth forecasts
Category: Credit Card News, Economy News
July 15, 2010
A number of figures that have recently come to light had economists worried about the growth of the economy, and the latest consumer spending numbers caused them to lower forecasts for second-quarter growth.more
- Consumer spending cuts into savings goals
Category: Credit Card News, Economy News
July 14, 2010
The average consumer entered the year hoping to save more money, but thanks to expenses both unforeseen and irresponsible, it appears they won't meet that goal.more
- Six indicted for fake credit card ring
Category: Identity Theft News
July 13, 2010
A group of criminals that made fake credit cards and ripped off businesses all over the western United States has finally been indicted.more
- Store owners fight credit card companies over interchange fees
Category: Credit Card Legislation News
July 13, 2010
Independent business owners and franchisees alike have had it with the fees charged by credit card companies when a consumer uses their card.more
- Feds bust up airline ticket fraud ring
Category: Identity Theft News
July 12, 2010
A fraud ring that had been stealing consumers' credit card information since 2001 was finally broken up after a lengthy investigation.more
- FTC issues warning to consumers about credit card statements
Category: Credit Card News, Identity Theft News
July 12, 2010
Recently an international identity theft operation came to light in which more than 1 million credit card users had money stolen from them in small amounts. The criminals that perpetrated the scam were counting on consumers to not notice the small, unauthorized charges that cost them between 20 cents and $10 at a time.more
- Deals from retailers also affected by credit card laws
Category: Credit Card News, Credit Card Legislation News
July 11, 2010
Consumers who head to stores looking for a great deal on financed furniture, electronics or appliances might be in for a bit of a surprise.more
- Credit card rates remain level this week
Category: Credit Card News, Economy News
July 9, 2010
Despite drops in most other national interest figures, those for both fixed-rate and variable-rate credit cards held flat this week.more
- Lenders intentionally misleading consumers over disputes
Category: Credit Card News
July 9, 2010
There are a number of reasons a consumer may want to dispute a charge on their credit card bill: They may have used their card to buy a faulty product, bad services or have been the victim of fraud. But in reading the fine print on their agreements, some consumers may be dissuaded by a few of of the rules outlined by their lenders.more
- Despite numbers, credit card debt hasn't improved
Category: Credit Card News, Credit Crunch News, Economy News
July 9, 2010
Many consumers may have been encouraged by the latest figures released by the Federal Reserve Board and American Bankers Association regarding credit card debt. The Fed said the total debt Americans owe has declined in 18 of the last 20 months, and the ABA said credit card delinquencies are dropping as well.more
- Credit card 'skimmers' being used to rip off consumers
Category: Identity Theft News
July 8, 2010
There is a new scam that is gaining favor among would-be fraudsters across the country, and it's incredibly easy to fall for because consumers don't do anything differently than they normally would.more
- Credit card stats improving because of extended unemployment
Category: Credit Card News, Credit Card Legislation News
July 8, 2010
It is a long-accepted fact that the rates of credit card companies' charge offs and national unemployment would move almost as one; when one went up or down, so did the other. But that oddly isn't the case anymore.more
- Paperless ticketing aims to protect consumers
Category: Credit Card News
July 7, 2010
Beyond being a good way to discourage scalpers and ticket resellers from driving up prices, the new trend of "paperless ticketing" could help consumers protect themselves from being ripped off when trying to attend concerts and sporting events.more
- Overdraft fees to become a thing of the past for many consumers
Category: Credit Card News, Credit Card Legislation News
July 7, 2010
Many consumers have at one point overdrawn their checking account when making a purchase, and been hit with a large overdraft fee as a consequence.more
- More Americans paying off credit card debt
Category: Credit Card News, Credit Crunch News
July 7, 2010
The recent upswing in the economy has led to some good news for consumers: They can finally begin to pay off their delinquent credit card debt.more
- Airline-issued credit cards offer big savings for frequent fliers
Category: Airline Rewards Credit Card News
July 6, 2010
Over the last few years, the price consumers have paid to fly has risen sky-high.more
- NFL swaps Bank of America for Barclays
Category: General Rewards Credit Card News
July 6, 2010
Football fans with credit cards bearing the logos of their favorite NFL team and the league's signature shield will have to scramble to spend the rewards points they've piled up over the last few years.more
- Retirees may be targeted by identity thieves
Category: Identity Theft News
July 3, 2010
Senior citizens are often preyed upon by identity thieves for a number of reasons.more
- Fitch: Card laws to cut earnings 10 percent
Category: Credit Card News, Economy News
July 3, 2010
The new rules for credit card issuers laid out earlier this year will likely cause their profits to fall about 10 percent in 2010, according to a new report from Fitch Ratings.more
- New changes to credit card statements
Category: Credit Card Legislation News
July 1, 2010
Credit card companies have long been issuing statements that some consumers found confusing, but a new mandate from the Federal Reserve Board could change all that.more
- University of Maine students at risk for identity theft
Category: Identity Theft News
July 1, 2010
College students may not think they're at risk of having their identity stolen, but a recent event at the University of Maine should underscore the very real threat that hackers can pose to everyone.more
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