FTC Requests Clarification in Data Security Draft Bill

The recently proposed Data Security and Breach Notification Act of 2015 was designed to create a standard for the way companies protect personal information and notify consumers of data breaches. The draft bill has strong support across most areas of … Continue reading

LowCards.com Weekly Credit Card Update–March 20, 2015

Facebook to Let Messenger Users Send Cash to Friends Facebook is giving the more than 500 million users of its Messenger app the ability to send money to each other, becoming the latest mobile platform to incorporate a payments service. … Continue reading

Identity Theft Biggest Complaint for Consumers

Identity theft was the biggest source of consumer complaints for 2014, according to a new report from the Federal Trade Commission. ID Theft accounted for 13% of the total complaints received by the FTC last year. Debt collection and imposter … Continue reading

LowCards.com Weekly Credit Card Update–January 30, 2015

Apple Pay Accounts for $2 out of every $3 Spent with Contactless Payments Apple CEO Tim Cook said that around $2 out of every $3 spent using contactless payments across Visa, MasterCard, and American Express are being made with Apple … Continue reading

LowCards.com Weekly Credit Card Update–November 21, 2014

Shoppers Just Don't Care About Credit Card Hacks If Target and The Home Depot are still reeling from the collective breach of 96 million customers' credit and debit cards, it didn't show in either company's earnings reports this week. Target … Continue reading

FTC Sues Amazon Over In-App Purchases by Children

The Federal Trade Commission is suing Amazon on behalf of parents who were charged for purchases their children made without their permission. The lawsuit claims Amazon allowed kids to rack up millions of dollars in transactions through their platform without … Continue reading

Security Flaws in Fandango, Credit Karma Apps Put Consumer Card Data at Risk

The Federal Trade Commission has reached a settlement with movie ticket seller Fandango and credit report provider Credit Karma over charges that they failed to secure the transmission of consumers’ personal information from their mobile apps. The FTC alleged that … Continue reading

LowCards.com Weekly Credit Card Update–February 14, 2014

Target Data Breach Pits Banks Against Retailers Banks and big retailers are locked in a debate over the breach of consumer data that gripped Target during the holiday season. At issue: Which industry bears more responsibility for protecting consumers' personal … Continue reading

LowCards.com Weekly Credit Card Update–November 27, 2013

'Rachel' Robocallers Reach Settlement with the FTC Two more people and four companies have agreed to settle charges in the "Rachel robocall" scheme, according to the Federal Trade Commission. The Rachel scam, which used other names as well, called people, … 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

Protecting Against Credit Card Fraud

Credit card fraud has unfortunately become an every day occurrence, not just in this country but around the world. A 2012 global study by ACI Worldwide and Aite Group shows that one in four respondents have been a victim of … Continue reading

Cramming: A New Type of Credit Card Fraud

Ever notice $10 to $50 missing from your available credit balance without a clue as to why? If so, you may be a victim of "cramming," a new type of credit card fraud. Cramming involves the use of unauthorized small … Continue reading

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

Young Adults Retreat From Piling Up Debt Total debt among young adults dropped in the last decade to the lowest level in 15 years. A typical young U.S. household, defined as one led by someone under age 35, had $15,000 … Continue reading

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

California Supreme Court Makes it Easier for Apple, Online Businesses to Collect Personal Data A divided California Supreme Court ruled that online merchants such as Apple and Ticketmaster can require consumers to furnish personal information to make credit card purchases. … Continue reading