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Credit Cards

Consumers shying away from credit cards when shopping online

March 9, 2010 By: CreditCards.com

The poor economy and consumers' growing aversion to carrying large credit card balances may be why more alternative forms of payment are being used for online purchases. According to the February 2010 "Online Retail Payments Forecast 2010-2014" Javelin study, while e-commerce grew 10.8 percent in 20...


Fed proposes rule to limit credit card fees

March 8, 2010 By: USA Today

In the latest move to overhaul consumer banking practices, the Federal Reserve unveiled a preliminary rule last week to address pesky credit card fees such as late and over-limit charges. The rule — which will be finalized after the public is given a chance to comment — is as notable for what it doe...


If you use credit cards, it pays to keep track of the score - your own, that is

March 5, 2010 By: Boston Globe

Credit cards have moved to the top of the bill pile, displacing mortgages as the priority for many consumers. “It used to be clearly the case that consumers viewed their mortgage as their number one payment obligation. That is no longer,’’ said Mark Greene, the chief executive of FICO Inc., the prod...


Federal Reserve announces proposed rules to protect credit card users from certain practices


March 5, 2010 By: Fedeal Reserve

The Federal Reserve Board on Wednesday proposed a rule amending Regulation Z (Truth in Lending) to protect credit card users from unreasonable late payment and other penalty fees and to require credit card issuers to reconsider increases in interest rates.


Younger People More Likely to Be Refused Loans, Mortgages, Credit Cards, Says New FindLaw.com Survey

March 4, 2010 By: PR Newswire

EAGAN, Minn.-- Younger people are more than twice as likely as older age groups to have been turned down for loans, mortgages and credit cards within the last year, according to a new national survey by FindLaw.com (http://www.findlaw.com), the most popular legal information Web site.


Consumers count on credit


March 3, 2010 By: The Columbus Dispatch

NEW YORK - Credit cards have moved to the top of the bill pile, displacing mortgages as the priority for many consumers. "It used to be clearly the case that consumers viewed their mortgage as their No. 1 payment obligation. That is no longer," said Mark Greene, CEO of FICO Inc., the producer of ...


Get rid of credit cards, thus debt

March 2, 2010 By: The Spokesman Review - WA

On your next credit card statement, you are going notice some changes that give you additional information that could help you understand all of the particulars on your credit card. Credit card companies must now show you how long it will take you to pay off your balance if all you pay is the minim...


Drawing the line on credit card abuse


March 1, 2010 By: Times Herald - CA

Most consumers who use credit cards on a regular basis, which is just about everyone, are not financial wizards. Banks and credit card issuers are well aware of that common shortcoming and too often have taken unfair advantage of their customers.They offer cards at low introductory interest rates an...


Credit card rights are long overdue


February 26, 2010 By: Daily Democrat

Most consumers who use credit cards on a regular basis, which is just about everyone, are not financial wizards. Banks and credit card issuers are well aware of that common shortcoming and too often have taken unfair advantage of their customers.


Federal agency targets 'free' credit report ads

February 24, 2010 By: Pittsburgh Post-Gazette

The Federal Trade Commission is cracking down on misleading ads offering free credit reports that trick people into paying for credit monitoring or other services they don't want


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