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Credit Card Industry

Obama's Credit Card Dog Day Afternoon

Stuart Whatley | Posted 05.25.2011 | Politics
Stuart Whatley

In the current system, credit card companies do not provide an essential service anymore; it's more a societal stranglehold -- a gun to the head of the middle class.

Bars Continue To Set Credit Card Minimums Despite Company Rules Against Them

Decider | Steve Heisler | Posted 05.25.2011 | Chicago

[I]t all starts when bars enter a partnership with the credit-card companies--in exchange for the ability to let customers pay with Visa, MasterCard, ...

When Did Debit Cards Become #@*!ing Credit Cards?!

Cecilia Michelson | Posted 05.25.2011 | Business
Cecilia Michelson

Now I see that perhaps banks didn't care to explain the terms very carefully to borrowers who perhaps weren't educated enough to do the research themselves.

Looking for Bailout Love in All the Wrong Places

Don McNay | Posted 05.25.2011 | Business
Don McNay

Citigroup and AIG employ thousands of good people. But they have had rotten apples in leadership. They created a culture that is probably impossible to change or fix.

The Importance of Focusing on Credit Card Debt

Sen. Robert Menendez | Posted 05.25.2011 | Business
Sen. Robert Menendez

The bottom line is that, more than ever, we cannot allow credit card companies to continue fleecing consumers, or making them feel like it's all one big guessing game.

Cancel Amex, Get $300 | Posted 05.25.2011 | Business

Wow. American Express must be getting desperate. In a bid to RID itself of customers, Amex will give you a $300 prepaid credit card if you cancel your...

Change FICO Credit Scoring to Stimulate Economy and Address Housing and Banking Crisis

Ronald B. Robinson | Posted 05.25.2011 | Business
Ronald B. Robinson

Republicans are proposing a 4% home mortgage Ponzi scheme that's the modern day version of "40 acres and a mule." It's every bit the false promise that dashed the hopes of ex-slaves after the Civil War.

President Obama: Sign New Emancipation Proclamation to Free Us From Debt Slavery and Free-up the Economy

Ronald B. Robinson | Posted 05.25.2011 | Politics
Ronald B. Robinson

Mr. President, help us create "a more perfect Union" from the "bottom-up." You can be the Lincoln of our times and free us from the greed and "top-down" bondage that has brought us here.

The Next Bubble Is on The Way: Credit Card Debt

Danny Schechter | Posted 05.25.2011 | Business
Danny Schechter

Fewer people are paying their credit card bills on time. And more are using high-interest credit card cash to pay at least part of their mortgages instead of the other way around.

Fed To Pursue Aggressive Crack Down On Credit Card Industry

AP | MARTIN CRUTSINGER | Posted 05.25.2011 | Business

WASHINGTON — The Federal Reserve announced Friday that it will expand a series of efforts to deal with the global credit crisis, in coordination...

Dems Push Consumer-Friendly Credit Card Bill

Washington Independent | Mike Lillis | Posted 05.25.2011 | Business

Congressional lawmakers of both parties have found something to agree on: The credit card industry, they say, has evolved beyond the scope of regulati...

Congress, Critics Denounce "Abusive" Credit Card Practices

AP | Marcy Gordon | Posted 05.25.2011 | Business

Congress is renewing its scrutiny of the credit card industry, as some lawmakers denounce the practice of raising customers' interest rates when their...