Chase Changes Deposit Policies to Combat Money Laundering

Need to make a cash deposit into another person's Chase account? If so, you may have to get a little creative. Beginning in February, Chase put a stop to depositing cash into someone else's account. Now, only the account holder … Continue reading Weekly Credit Card Update–February 15, 2013

N.J. Calls Off Credit Card Pitches to Students at Public Colleges Companies that issue credit cards can no longer market them to students at New Jersey public colleges under a law Gov. Christie signed Thursday. The new law prohibits public … Continue reading

Credit Card Use Approved Once Again at Vatican

The Vatican is restoring credit card payments and ATM transactions in its museums after they were suspended over concerns that the city-state was not taking enough measures to insure against money laundering. Card service has been blocked for the last … Continue reading

Regulators Order JPMorgan Chase to Improve Controls

JPMorgan Chase received two enforcement actions from federal regulators on Monday. One was for failures in risk management that led to a multi-billion dollar trading loss. The loss on a derivatives trade was first discovered in May and could be … Continue reading

Card Transactions Suspended at Vatican

For the near future, it is cash-only transactions at the Vatican. Debit and credit card payments were halted on December 31 amid concerns that the Holy See had not completely complied with the European Union safeguards against money laundering. The … Continue reading 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 Weekly Credit Card Update November 9

Consumer Credit Growth Cools, Credit Card Use Sags In September, growth in consumer credit cooled as households appeared to use their credit cards less frequently. According to Federal Reserve data released this week, consumer credit grew $11.36 billion in September, lower … Continue reading