Major retailer and grocer, Target, announced that it would sell its credit card portfolio to TD Bank. As part of the agreement, Target customers would retain their right to a 5% discount when using...
Continue readingAccording to a new study from Equifax, credit card credit lines are rising higher and higher as consumers use less and less of their available credit. This year, American credit card accounts...
Continue readingThe largest anti-trust settlement may be approved by one Brooklyn judge. Over the summer, retailers finished complaints against credit card companies for merchant fees, ultimately agreeing to a deal...
Continue readingAn unlikely duo, Walmart and American Express have announced a partnership to launch a new prepaid card service. The agreement brings a new product called Bluebird to market. Walmart and American...
Continue readingMasterCard, the largest global payment network, is under scrutiny for a data digging project that raises some concerns about privacy. The company was said to have launched a new business whereby it...
Continue readingEarlier in the year the London Interbank Offering Rate, or the rate at which banks lend to other banks, was found to be a faulty measure of the actual cost of borrowing. By soliciting responses from...
Continue readingA credit card allows you to buy now and pay later, but a credit card offers even better benefits for holiday shoppers. Here are a few tips and tricks to using a credit card this holiday season: 1....
Continue readingAmericans once again increased their credit card balances in August, adding $4.2 billion to their balances from July, according to the Federal Reserve. The August rebound comes along several other...
Continue readingThe newly-created Consumer Financial Protection Bureau is making another headline. This week, the CFPB announced a settlement with American Express over the company's marketing practices. American...
Continue readingBanks are stocking up on cash in a move that may soon put more credit cards, car loans, and consumer loans in the hands of consumers. The market for asset-backed securities is stronger than ever,...
Continue readingCredit card companies are refusing to move the needle on credit card interest rates. This week, a credit card survey revealed that the average credit card available on American shores carried a 15%...
Continue readingEconomists now expect consumer spending to rise significantly in 2013 propelled by a rebound in consumer borrowing. The high water mark is 3.5% economic growth on the back of a recharged consumer who...
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