You may be glad to receive that new credit card in the mail, but make sure you understand all the details associated with your card before you jump into the urge to splurge. Reading the details spelled out by the … Continue reading
Credit reporting agencies know much more about you than your number of credit cards or how much you owe on your mortgage. You may be surprised at the personal information collected by credit agencies and how many agencies are tracking … Continue reading
They may be three simple digits but your credit score is the probably most important number in determining your financial future. Your credit score is both a representation of your payment history and a prediction of your ability to make … Continue reading
Walmart and American Express are joining together to enter the booming prepaid card market with a low-fee card aimed at consumers who are disillusioned or excluded by the rising costs of banking services. The card named Bluebird will be positioned as an alternative to debit and checking accounts. … Continue reading
Moms May Benefit From Credit Card Rule Fix For certain moms with trouble getting plastic, help is on the way. A federal agency is aiming to fix a rule that's making it difficult for spouses without their own incomes to … Continue reading
Yet another credit card issuer will have to pay back millions of dollars to customers for misleading telemarketing practices. Today, the Consumer Financial Protection Bureau and the FDIC announced that Discover will refund $200 million to their credit card customers … Continue reading
Hidden Good News on Credit Cards In a sign that consumers are getting back on their feet, new data shows that credit card debts are shrinking. Dig deeper into the fine print and there's better news: fewer credit card … Continue reading
Thanks to regulations and legislation on credit cards, banks are turning renewed attention to an old source of revenue: prepaid cards. Prepaid cards were once the black sheep of the card family, charging high interest rates and fees to consumers … Continue reading
The Consumer Financial Protection Bureau (CFPB) is trying to make it easier for consumers to participate in the rulemaking process for federal agencies, including those affecting banks and mortgage lenders. Federal law requires that the public has a chance to … Continue reading
U.S. Consumer Agency to Supervise Credit Reporting Companies The U.S. consumer watchdog agency said it will start closely supervising credit reporting companies in September, bringing the industry under strict federal supervision for the first time. The Consumer Financial Protection Bureau, … Continue reading
Price of Plastic Going Up? Merchants May Get Surcharge Rights Merchants may soon begin to impose a surcharge each time a customer pays with a credit card, a practice Visa and MasterCard currently prohibit. Retailers have long pushed for the … Continue reading
BBVA Compass is notifying customers that it is "improving transaction speeds." ATM withdrawals and debit card purchases by signature or PIN will post immediately. Online bill payments, automatic debits and checks drawn from your account will post throughout the day. … Continue reading
Despite protests from the financial industry, the Consumer Financial Protection Bureau is making its online credit card complaint database available to the public today. The information can show which issuers have had the most complaints on their cards and how … Continue reading
No-Foreign-Fee Cards Still Best for Overseas Spending Credit cards that don't carry foreign transaction fees are generally the best option for spending while traveling internationally. There are more cards now that come without the fees. Roughly 82 percent of cards … Continue reading