New Social Security Debit Cards
January 24, 2008
Individuals who are receiving Social Security payments will soon be introduced to a new debt card system that the Treasury Department plans to implement. It is hoped that the new debit cards will provide more safety and convenience for those using them. The implementation of debit cards is also seen as major way for the Treasury Department to cut costs.
Results of Holiday Credit Spending
January 22, 2008
Retailers and credit card issuers have been waiting for information concerning the last cycle of holiday spending for 2007. A post-holiday report issued by GfK Roper Public Affairs and Media reveals some surprising results.
Credit Card Fees Inching In and Up
January 4, 2008
Credit card fees are nothing new, but they are changing. Many credit card companies are new levying big fees for late payments, cash advances, and just about anything else they can think of. In some cases, the fees can be incredibly high with some companies charging as much as forty dollars as a late payment fee.
Credit Card Receipt Rule Violations
December 24, 2007
A class action suit is being sought against a little-known credit card receipt rule. The rule was established to help consumers prevent identity theft. Violations of this rule have brought about 300 class action lawsuits nationwide.
Credit Card Cleanup
December 17, 2007
Some of the nation’s largest credit card issuers were in the hotseat recently as they faced probing questions about some of their practices. Executives from Bank of America, Discover Financial Services and Capital One appeared before Congress to explain their practices
Beware of New Credit Card Scam
December 12, 2007
Just in time for the holiday season, a new credit card scam is showing its ugly face. In this scam, which currently seems to be restricted to California, telemarketers representing themselves as employees for Wal-Mart are calling people and attempting to get credit card information over the phone.
Rise in Credit Card Late Payments
December 11, 2007
When compared to the delinquencies and write offs associated with the current home loan mess, consumer credit card delinquencies have been down, or at least not as prevalent as home loan late payments. That, however, may be changing.
Consumers Shopping Smarter
December 10, 2007
2007 may be the year that American consumers actually bring in some good cheer with the New Year, at least as far as their holiday shopping goes. Unlike many past years when consumers could not wait to charge their purchases on their high-interest credit card, this year they seem to be using cash far more frequently.
Rise in Credit Card Late Payments
December 7, 2007
When compared to the delinquencies and write offs associated with the current home loan mess, consumer credit card delinquencies have been down, or at least not as prevalent as home loan late payments. That, however, may be changing.
Senator Obama Hails Credit Card Bill Of Rights
December 6, 2007
Amid rising criticism from both legislators and consumer protection advocates on possible abuses aimed at certain credit card users, Democratic presidential candidate Senator Barack Obama is pressing for more restrictions on predatory credit card companies. The gist of the proposal is hoped to help those consumers who incur massive amounts of credit card debt that the card issuers know the consumer cannot pay back.