Discover Financial Services will refund $200 million to customers and pay a $14 million fine as part of a new settlement that targets non-credit card financial marketing. The settlement comes after...
Continue readingBetter known for coupons than credit cards, internet discount company Groupon announced a new service to process mobile payments. The company says it will seek to develop a system that charges the...
Continue readingAmericans are turning away from banks and turning to quasi-banking services. According to the Federal Deposit Insurance Corporation (FDIC), nearly 12 million Americans are managing their money...
Continue readingAs many wonder how long the effects of a housing bubble will be felt in the American economy, the losses from years' gone by are still affecting the credit market. Credit bureaus are still struggling...
Continue readingIf you ask the American public, the average person is happier with their credit card than they are their mortgage. Richard Cordray, the director of the Consumer Financial Protection Bureau, admitted...
Continue readingThe Federal Reserve announced that it had significantly understated debt balances in the period from December 2010 to July 2012. The central banking organization would revise its data to reflect...
Continue readingOver the summer, Visa and MasterCard reached a settlement with key players in the retail industry that would amount to $7.2 billion in cash payments and temporarily reduced swipe fees. This week, the...
Continue readingCredit card wars are heating up across the country. Now more than ever, credit card companies are turning to extended introductory offers geared toward new credit card customers. The new hot trend is...
Continue readingPopular stores like Walmart, Target, Home Depot, and Kohl's have long issued their own credit cards to encourage customer loyalty. Now, with the US economy improving, retailers are issuing more and...
Continue readingNew laws, including the infamous CARD Act, make accessing credit cards more difficult for college students. But the new law won't make plastic completely inaccessible - where credit cards have...
Continue readingCredit card companies are finding it easier to obtain the financing necessary to fund consumer credit cards. Unbeknownst to most consumers, credit card companies do not own the money they lend to...
Continue readingThe credit card industry is fighting for more share of a smaller pie. Consumers, concerned about their financial futures, have cut back on spending. Now credit card companies are battling one another...
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