Credit Card Industry

Unbanking America: Entrepreneur Develops Alternative to Paper Money, Banking System

Steven Kurlander | Posted 04.20.2012

Read More: Global Unique Identifiers, Canadian Penny, Credit Card Industry, Debit Card Fees, Credit Card Fees, Eliminating Pennies, Canada Penny Eliminated, Penny Elimination, Money News

With the explosion of devices equipped with encrypted technology, it should be only a short period of time before both paper currency and the rest of coins in circulation go the way of the Canadian penny.

Read Post

The Best Credit Cards Of The Year

SmartMoney | Annamaria Andriotis | Posted 04.19.2012

Read More: Credit Card Reward Plans, Gas Cards, Apr, Best Credit Cards, Credit Card Industry, Credit Card Rewards Programs, Credit Card Fees, New Credit Cards, Money News

This article originally appeared on SmartMoney.com In the battle of the plastics, credit cards have lately emerged as the surprise champs, offering...

Read Whole Story

Where Your Credit Card Payments May Be Going

AP | ALEX VEIGA | Posted 03.03.2012

Read More: Business News, American Express, Kenneth Chenault, CEO Pay, Video, Credit Cards, American Express Ceo, Credit Card Companies, Credit Card Industry, Business News

LOS ANGELES -- The chairman and chief executive of American Express Co. received a compensation package valued at $22.5 million for 2011, a 38 percent...

Read Whole Story

Prepaid Debit Cards: A Brief Guide to What Really Matters

Jonathan B. Mintz | Posted 04.30.2012

Read More: Debt, Prepaid Card Tips, Prepaid Card Fees, Prepaid Credit Cards, Prepaid Cards, Prepaid Card Regulation, Fdic, Credit Cards, Prepaid Card Advice, Credit Card Industry, Debit Cards, Consumer Protection, Pepaid Debit Cards, Money News

More than $140 billion moves through prepaid debit cards every year in this country. Given the wide range of these products, consumers and regulators must find ways to navigate what really matters.

Read Post

Am I The Only One That's Confused? The Journey To Getting My First Credit Card

Jillian Berman | Posted 04.30.2012

Read More: Credit CARD Act, Consumer Financial Protection Bureau, Financial Literacy, Business News, Credit-Card-Approval, Credit Card Application, Credit Cards, Credit Card Debt, Personal Finance, Credit Card Industry, Money News

Nine months out of college and I'm finding that the real world is full of harsh truths: Napping in the middle of the day is frowned upon, an outfit based around leggings is never appropriate and my financial decisions will haunt me for the rest of my life.

Read Post

Credit Card Interest Rates Hit Record Highs As Companies Market More Aggressively

The Huffington Post | Alexander Eichler | Posted 01.04.2012

Read More: Interest Rates, Credit Card Interest Rates, Credit, Credit Card Companies, Lending, Spending, Financial Crisis, Credit Cards, Credit Card Debt, Consumer Spending, Borrowing, Credit Card Industry, Personal Finance, Apr, Video, Business News

If one of your New Year's resolutions is to pay off your credit card debt, be advised that it's getting harder all the time. That's because credit car...

Read Whole Story

Consumer Bureau Developing Simpler Credit Card Form

The Huffington Post | Jillian Berman | Posted 12.07.2011

Read More: Credit Card Reform, Credit Card Confusion, Video, Credit CARD Act, Credit Card Confusion Cfpb, Consumer Financial Protection Bureau, Business News, Credit Cards, Consumer Protection, Personal Finance, Credit Card Industry, Credit Card Fees, Business News

Imagine a credit card agreement that's short, to the point and easy to understand. If one federal agency gets its way, what you're picturing could bec...

Read Whole Story

Debit Fees: Someone Has to Pay the Piper

Justine Rivero | Posted 12.11.2011

Read More: Bank of America, Business, Debit Cards, Durbin Amendment, Credit Card Industry, Debit Card Fees, Bank of America Debit Card Fees, Business News

The lesson here is that there is no free ride, not after years of bad banking practices, lack of regulation and consumer protections, and our own financial excesses.

Read Post

AmEx's First Prepaid Card 'For Everyone'

AP | By CANDICE CHOI | Posted 08.14.2011

Read More: American Express, New Amex, New American Express, Amex, Amex Prepaid, Credit Cards, Credit Card Industry, New Credit Card, American Express Prepaid, Business News

NEW YORK -- American Express is rolling out its first prepaid card aimed at the general market on Tuesday as it moves to stake a claim in the growing ...

Read Whole Story

We Can Send a Man to the Moon, But Can't Invent a Green Credit Card!?

Jennifer Schwab | Posted 05.25.2011

Read More: Recycling, Plastic, Plastic Pollution, Credit Cards, Credit Card Industry, Changing Credit Card Industry, Mastercard, Pvc, Plastic Alternatives, Discover Card, The American Chemistry Council, Green News

Over six billion credit cards are produced each year worldwide. That is enough to make over 50 stacks of cards higher than Mt. Everest. Too bad these are not recyclable.

Read Post

Credit Card Fees and Your Subconscious Mind

Tim Chen | Posted 05.25.2011

Read More: Balance Transfers, Credit Cards, Bank Fees, Credit Card Rewards Programs, Credit Card Debt, Credit Card Industry, Credit Card Fees, Business News

A lot of people are drawn into 0% Intro APR and Balance Transfer Rate discounts without thinking what happens after they cease. Banks know that people screw up and are always looking for new credit users to milk fees from.

Read Post

Credit Card Rates Expected To Rise

Huffington Post | Sara Yin | Posted 05.25.2011

Read More: Credit Card Industry, Credit Card Issuers, Credit Cards, Credit CARD Act, Consumer Protection, Credit Card Debt, Business News

In the third and final phase of the Credit Card Accountability Responsibility and Disclosure Act of 2009 (Credit CARD) which went into effect yesterda...

Read Whole Story

C-SPAN As Red Pill: Camera Catches Senate Vote-Switching to Protect Credit Card Usury

David Sirota | Posted 05.25.2011

Read More: Mark Udall, Michael Bennet, Andrew Romanoff, Denver, Credit Card Industry, Colorado, Politics News

Though we rightly suspect that there's dishonesty embedded in the gap between public pronouncement and actual legislation being discussed, it is - by design - difficult to pinpoint who is actually spearheading the deceit, and how.

Read Post

World's Worst Credit Cards (Infographic)

Brian Clark Howard | Posted 05.25.2011

Read More: Credit Card Reform, Credit Card, Credit Card Debt, Credit Cards, Credit Card Industry, Credit Card Fees, Business News

Due to editorial consideration, the infographic and accompanying text have been removed from this post....

Read Post

Watch Out for the "Required" Minimum Payment

Jim Randel | Posted 05.25.2011

Read More: Investing, Credit Crisis, Credit Cards, Business, Credit Card Industry, Barack Obama, Business News

We need increased consumer protection because not all companies issuing consumer products -- credit cards and mortgages being the best examples -- play by the rules.

Read Post

Five Ways the New Credit Card Laws Affect You

Jordan E. Goodman | Posted 11.17.2011

Read More: Debt, Monitoring Credit, Master Your Debt, New Laws, Jordan Goodman, Credit Score, Personal Finance, Credit Crisis, Credit Card Debt, Credit Card Industry, Healthy Living News

Now that the Credit Card law has fully gone into effect, it's time for you to reevaluate your strategies about how you use your credit cards.

Read Post

Credit Card Cancellations: How They'll Affect Your Credit Score

Lifehacker | Kevin Purdy | Posted 05.25.2011

Read More: Credit Score, Credit Cards, Credit Card Debt, Debt-Free, Credit Card Industry, Personal Finance, Business News

Adam Baker, blogger at Man vs. Debt, canceled all his credit cards 15 months ago. His credit score dropped just 10 points, but he learned a lot about ...

Read Whole Story

5 Ways to Wipe Out Your Credit Card Balances

Jordan E. Goodman | Posted 05.25.2011

Read More: Credit Card Rates, Credit Card Debt, Credit Cards, Credit Card Industry, Credit Card Fees, Business News

In truth, paying off your credit card balances is simple; there's nothing complicated about it. But it's not easy, because it does require sacrifice and scraping together the cash that will get it done.

Read Post

Credit CARD Act Goes Into Effect On Monday, And Banks Are Ready Fee Blitz Escalates

Mother Jones | Stephanie Mencimer | Posted 05.25.2011

Read More: Credit CARD Act, Mother Jones, Obama Reform, Financial Reform, Economy, Credit Card Rates, Credit Cards, Credit Card Industry, Credit Card Fees, Citigroup, Business News

On Monday, the second phase of the Credit Card Accountability Responsibility and Disclosure Act of 2009--a major overhaul that boosts safeguards again...

Read Whole Story

Banks, Credit Card Issuers Find Ways Around New CARD Act Rules

DailyFinance | TRACY COENEN | Posted 05.25.2011

Read More: Credit Cards, Credit CARD Act, Credit Card Companies, Economy, Credit Card Rates, Obama Financial Reform, Credit Card Industry, Financial Regulation, Credit Card Fees, Business News

The new rules, which go into full effect on February 22, threaten to take a big bite out of the $15 billion in penalties and fees that the industry co...

Read Whole Story

America's credit card debt Five myths about

washingtonpost.com | Robert D. Manning | Posted 05.25.2011

Read More: Credit Card Reform, Credit Cards, Middle Class Economy, Credit CARD Act, Middle Class, Credit Card Rates, Credit Card Debt, Credit Card Industry, Credit Card Fees, Business News

Today, Americans are more dependent on credit than savings, a radical departure from the last major economic crisis, in the 1930s. Congress's effort t...

Read Whole Story

Credit Card Legislation Means Consumers Under 21 Need a Way to Navigate the 'Plastic Gap'

Jerry R. Welch | Posted 05.25.2011

Read More: Credit Card Accountability Responsibility and Disclosure Act, Credit Card Debt, Credit Cards, Credit CARD Act, Credit Card Industry, Business News

The net result of the credit card legislation is that millions of young Americans simply won't be able to get a credit card at all because of the new restrictions. That could be a problem.

Read Post

Credit Card Rates: Banks Plan To RAISE Rates, Annual Fees

AP | JEANNINE AVERSA | Posted 05.25.2011

Read More: Credit Card Reform, Credit Card Companies, Credit Card Rate Increases, Federal Reserve, Banks, Credit Card Rates, Credit Cards, Prime Borrowers, Credit Card Industry, Credit Card Fees, Business News

WASHINGTON — Banks expect to tighten terms on credit cards in response to a new law that aims to protect consumers from sudden rate hikes, the F...

Read Whole Story

BofA Credit Card Terms: Bank To Spell Out New Interest Rates And Fees

Posted 05.25.2011

Read More: Bank of America, Credit Cards, Credit Card Industry, Credit Card Reform, Credit Card Rates, Credit Card Fees, Business News

NEW YORK (EILEEN AJ CONNELLY - AP) -- Bank of America is sending its credit card customers a one-page letter with a simple explanation of the interest...

Read Whole Story

Americans ditching predatory credit cards:Survey

walletpop.com | Martha C. White | Posted 05.25.2011

Read More: Credit Card Rates, Credit Card Bill, Credit Card Companies, Credit Card Industry, Credit Card Fees, Business News

A new survey from comScore clears up some of the mystery and confirms that Americans are, in fact, voting with their wallets. Consumers are protesting...

Read Whole Story