Top 10 Credit Card Stories of 2013

Identity theft and actions by the Consumer Financial Protection Bureau dominated the credit card headlines in 2013. Below are the Top 10 news stories of the year in the credit card industry. One of the largest data breaches in history … Continue reading

LowCards.com Weekly Credit Card Update–November 8, 2013

MasterCard 3rd-Quarter Net Rises 14% on Increased Purchases MasterCard said third-quarter earnings rose 14% as spending on its credit and debit cards continued to grow. MasterCard, like its larger rival Visa, operates a payments network that processes transactions made on … Continue reading

CFPB Planning Tougher Rules on Debt Collectors

The scrutiny continues to increase on the debt collection industry. Today, the Consumer Financial Protection Bureau (CFPB) issued a notice of proposed rulemaking to upgrade the regulations governing debt collection. It is asking for public and business feedback before proposing … Continue reading

Bizarre Ways to Hurt Your Credit Score

We all know that having an unpaid bill could result in a lower credit score. This makes sense. What you might not know is that an overdue library book or a rental car reservation could have an impact on your … Continue reading

Avoid Getting “Tricked” for Your Money on Halloween

It's trick-or-treat time, and the Consumer Financial Protection Bureau is using Halloween to warn consumers about the tricks scammers use to steal their money. The CFPB reports that 25.6 million adults, or 10.8 percent of the U.S. adult population, were victims of financial fraud in … Continue reading

CFPB Cracks Down on Debt Collectors

Today, the Consumer Financial Protection Bureau is intensifying its efforts to stop unlawful and abusive debt collection practices. The CFPB will begin notifying banks, payday lenders, finance companies and other lenders that they will be held accountable for unlawful conduct … Continue reading

LowCards.com Weekly Credit Card Update January 4

Consumer Watchdog Readies to Bare Its Teeth The Consumer Financial Protection Bureau is entering 2013 poised to flex its muscles as it finishes up a list of studies and rules required by the law. They will have wide latitude to … Continue reading

Occupy’s ‘Rolling Jubilee’ Eliminates Random Debt

A new movement is using donations to buy debt on order to keep it out of the hands of debt collectors. Rolling Jubilee is more than charity for those in debt. Rather, it is a protest against the debt system. Rolling Jubilee is … Continue reading

LowCards.com Weekly Credit Card Update October 26

Credit Card Settlement Could Stymie PayPal's Retail Plans A provision within the hotly-contested settlement between merchants and credit card networks could potentially slow PayPal's bid to become more widely accepted at grocery stores, restaurants and other retailers. Retailers that choose to … Continue reading

LowCards Weekly Credit Card Update September 14

  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