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

Google Wallet Arrives on iPhone Google introduced the Wallet app to the iPhone, a move which will hasten the replacement of cash and credit cards. The iOS app will allow users to store gift and loyalty cards and send cash … 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

RBS Fined $612 Million in Rate-Rigging Scandal

The global investigation into the manipulation of interest rates has led to a third major bank facing significant fines and worldwide embarrassment. Today, Britain's Royal Bank of Scotland was fined £390 million or $612 million for rigging the London Interbank … Continue reading

LowCards.com Weekly Credit Card Update December 28

Websites Vary Prices, Deals Based on User Information A Wall Street Journal investigation found that the Staples website displays different prices to people after estimating their locations and appeared to consider the person's distance from a rival brick-and-mortar store, such … Continue reading

LowCards.com Weekly Credit Card Update December 21

Consumer Group Warns of Card Surcharges Credit cardholders must be on the watch for new check-out fees that merchants will be able to impose starting in January under a class-action settlement with Visa and MasterCard. But merchant trade groups say … Continue reading

Top Credit Card Stories of the Year

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

LowCards.com Weekly Credit Card Update November 21

Mobile Apps Aim to Steer Consumer Credit Card Choices There are two new mobile apps which help cardholders select the best credit card to use at checkout. Wallaby Financial released a free app that helps iPhone users determine which card … Continue reading

LowCards.com Weekly Credit Card Update November 16

Battle Plan Shifts on Dodd-Frank President Barack Obama's victory means the 2010 Dodd-Frank law will stand. But the finance industry could still cut some parts of the law because changes now are politically less risky for the administration and Democrats in … Continue reading

LowCards.com Weekly Credit Card Update October 19

Credit Cards Charge Up Healthy Margins Consumer confidence is up, and household debt is down. That's good news for retailers. It's also good for credit card processors Visa and MasterCard. Strong revenue is only part of the story. Leveraging profits … Continue reading

Libor Scandal Still Shaking the Financial World

The Libor financial scandal has been bumped from the headlines, but governments and regulators around the world are reacting through regulations and legislation that will reshape Libor and how rates are set. Investigations into banks and criticism of public officials … Continue reading

LowCards Weekly Credit Card Update October 5

U.S. Credit Card Lenders Shun Add-Ons as CFPB Cracks Down Chase, Bank of America and American Express are among credit card lenders retreating from a $2.4 billion market as regulators seek curbs on deceptive marketing of products including debt cancellation. Scrutiny … Continue reading

LowCards Weekly Credit Card Update September 7

Many Card Companies Dumping Credit Protection Plans Credit card holders could soon be saying good-bye to some costly add-on products that promised peace-of-mind during a disaster, such as a job loss. And many consumer groups say good-riddance. Several consumer advocates … Continue reading

LowCards Weekly Credit Card Update August 10

U.S. Consumers Cut Back on Credit Card Use in June Americans cut back on credit card use in June, a sign that high unemployment and slow growth have made some more cautious about spending. Still, total consumer borrowing increased as … Continue reading

Libor Scandal Could Rock the Financial World

London is shining in the spotlight as the host of the Olympics, a welcome distraction from the Libor (London Interbank Offered Rate) rate-fixing scandal that threatens to rock the financial world. The Libor scandal is far reaching for both consumers … Continue reading

LowCards Weekly Credit Card Update July 13

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