The radio commercials and online ads make them sound so tempting: a chance to reduce or wipe out completely credit card debt. But are debt settlement companies really worth it? Can they do what they claim? The Federal Trade Commission … Continue reading
FTC: Cramming Fraud Targets Consumers’ Credit Cards The FTC has added a new alert about a fraud called cramming where small charges of $10, $20, or $30 are secretly inserted onto your credit card bill. These small charges add up … Continue reading
A report released today by the Federal Trade Commission underscores the need for Americans to check their credit reports on a regular basis. The FTC study found that 26 percent of consumers had a material error on at least one of … Continue reading
The FTC receives more complaints from consumers about debt collectors and debt buyers than any other industry. So the FTC studied this industry over the past three years, trying to understand the process of buying and selling debt as well … Continue reading
2012 was a relatively quiet year for the credit card industry. However, there were a number of developments that may have a far-reaching impact in the years to come. Here are the top ten credit card stories of 2012: Swipe … Continue reading
The FTC is trying to crack down on robocalls and is offering a $50,000 prize to the person or small business that creates a new solution to block illegal robocalls on landlines and mobile phones. The contest begins October 25 … Continue reading
Wal-Mart and AmEx in Prepaid Card Deal Wal-Mart Stores is taking another leap into the banking world, announcing on Monday a prepaid card and debit account with American Express that will give low-income consumers access to features like smartphone deposits. … Continue reading