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This Week in Credit Card News
Credit Card Debt Falls for 23rd Straight Month The latest Federal Reserve Consumer Credit report showed that credit card debt dropped $4.39 billion in July after a $5.21 billion fall in June. This was the 23rd consecutive month credit card debt decreased. [Reuters] Chase Won’t Rule Out “Difficult” Discover Purchase JP Morgan Chase has considered the possibility of [...]
http://blogs.forbes.com...
Credit card fraud nets 15 years
A Jacksonville man was sentenced to 15 years in a state prison Aug. 19 after pleading guilty to nearly $50,000 in fraudulent credit card transactions between March and May 2009 throughout Nassau County.
http://www.fbnewsleader...
Credit Card Usage Plummets
The drop was driven by the economy and legislation. Credit card - Visa - Debit card - Payment - Javelin Strategy Research
http://www.pheedcontent...
New Credit Card Restrictions Hurting Some Small Business Owners
Just as banks are beginning to loosen up the reins a bit, the credit-card companies have been ratcheting up their restrictions -- something that can have a major impact on small-business owners, many of whom use credit cards to finance short-term purchases.
http://www.huffingtonpo...
Credit-card use drops for the 23rd straight month
Consumer borrowing fell again in July as households cut back on their credit-card use for a 23rd consecutive month, adding more drag on an economy struggling to mount a sustained rebound.
http://www.denverpost.c...
National credit card rates for Sept. 9, 2010
Here's a look at the state of credit card rates from Bankrate.com's weekly national survey of large banks and thrifts conducted Sept. 8, 2010. After 11 weeks of stagnation, the average purchase APR on fixed-rate credit cards rose 5 basis points to 13.79 percent as one credit union changed six of its card offers from fixed to variable rate.
http://www.bankrate.com...
Grandma opened a credit card in my name
Question 1. My grandmother opened a credit card account in my name without my knowledge, did not pay it and now they are coming after me. She is 71 years old. What shall I do? -- Jackson, Greensboro, N.C.
http://money.cnn.com/rs...
New Credit Card Solicitation Rules on SUNY Campuses
School has started for many college students and as they walk around campus they might notice something missing: credit card solicitors. Attorney General Andrew Cuomo said students are being bombarded by credit card companies and he is calling on New York State schools to reform their approach towards student credit cards.
http://rochester.ynn.co...
BluePay, Industry Leader in Credit Card Processing, Receives A+ Rating From the Better Business Bureau
CHICAGO, IL--(Marketwire - 09/10/10) - BluePay, a leading credit card processor that offers PCI compliant payment gateways and credit card processing solutions nationwide, announces its recent A+ rating awarded by the Better Business Bureau (BBB). BluePay received the highest rating based on such criteria as customer service and overall business operations, and has been a BBB Accredited business ...
http://biz.yahoo.com/iw...
Student debt surpasses credit card debt
WASHINGTON, Sept. 10 (UPI) -- The amount U.S. students owe for tuition loans has surpassed what credit card borrowers owe for the first time, a private researcher said. Credit card - United States - Loan - Financial services - Business
http://www.upi.com/Busi...
5 Credit Card Stocks to Sell
The trend of consumers using less and less credit does not bode well for these credit card stocks.
http://www.thestreet.co...
NFL credit card returns, but APRs remain unchanged
Interest rates on new credit card offers were unchanged, according to the CreditCards.com Weekly Credit Card Rate Report, following the return of the NFL Extra Points Rewards credit card.
http://www.foxbusiness....
Credit cards: Use down, cost-consciousness up
The tough economy apparently has created consumers who are more risk-averse and cautious — and less likely to use credit cards. In a new report, Javelin Strategy & Research says credit-card use continues to drop, with many Americans gravitating toward reloadable prepaid cards and other devices intended to keep them out of debt problems. Consumers also are highly cost-conscious, with 80 ...
http://s.azcentral.com/...
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