Credit Card Nation: 40% of Households Get By on Plastic
More than a third of U.S. households relied on credit cards to pay for living expenses, such as rent or mortgage bills, groceries, utilities or insurance, in the past year, according to a new survey on the third ...
Stay-at-Home Mom Gets U.S. Review of Credit Card Law
An unintentional side effect from a rule mandated by Credit Card reform is keeping stay-at-home moms from qualifying for credit cards.
The Consumer Financial Protection Bureau is reviewing the Credit CARD Act provision ...
Credit Bureaus Fail to Fix Vital Errors for Consumers: Report
A year-long investigation by an Ohio newspaper into 30,000 consumer complaints against the big three credit-reporting bureaus has caught the attention of state attorneys general and President Obama.
The complaints ...
Banks Eye Low-Income Consumers with High-Fee Products
More of the biggest U.S. banks are offering products to low-income customers, such as payday loans, that carry high fees and are not limited by recent reform laws.
U.S. Bank, Regions Financial and Wells Fargo are ...
Credit Card Issuers Target Students, Despite Reform Rules
A new study shows that college students are still being targeted with mailed offers and gifts from credit card issuers, despite reform rules that took effect two years ago with the intent to diminish such practices.
The ...
First Premier Case: U.S. Agency Urged to Fight ‘Fee Harvester’ Cards
Consumer advocates from several national groups are urging the Consumer Financial Protection Bureau to legally fight the high sign-up costs of subprime, so-called “fee-harvester” credit cards.
The response from ...
Credit 101: Banks Partner with Colleges on Prepaid Cards
With regulations limiting their recruiting of college students as customers, credit card issuers are increasingly partnering outright with schools to offering prepaid cards that can double as campus I.D. cards.
U.S. ...
‘Plain’ Credit Card Offers Jump to 30% of Mailings
Credit card direct mail offers for “plain vanilla” cards – those with no annual fee or rewards – have made a comeback as issuers target a stronger demand for credit.
Plain credit card offers accounted for ...
American Express Faces U.S. Action on Late Fee Practices
American Express said it faces U.S. enforcement action over late fees on its revolving-credit charge cards as part of an “increasingly complex and robust” regulatory environment.
AmEx said regulators – the ...
Consumer Group: Demand Scores with Your Free Credit Reports
For nearly a decade, consumers have had the right to a free copy of their credit report from the three primary credit bureaus – and they earned it by demanding that right from members of Congress, who were deluged ...
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