Credit Card News
Credit bureaus must handle consumer disputes better
The Consumer Financial Protection Bureau (CFPB) recently issued a bulletin, warning credit bureaus and other organizations bound by the Fair Credit Reporting Act that it was closely monitoring their compliance... Continue reading
Could “ATM cash-outs” hit your credit cards?
It recently emerged that, between December 2012 and April 2013, two prepaid-card issuers were victims of a crime Reuters dubbed a "global cyber heist." Criminals netted during that period a... Continue reading
Credit card law not nudging faster balance payments
The Credit CARD Act of 2009 has been very effective in driving down many fees, but is failing to make much progress with another of its goals: to persuade consumers... Continue reading
Fewer with rewards credit cards planning Black Friday shopping
Fewer than half of Americans who have rewards credit cards are planning to shop either online or in-store on Black Friday this year. That's one of the conclusions of the... Continue reading
Use AmEx rewards points to pay NYC taxi fares
American Express is accelerating its drive to widen Membership Rewards redemption options with an innovation that allows its customers to pay New York City taxi fares -- along with accompanying... Continue reading
More consumers return to paying mortgages before credit card bills
Back in April 2011, IndexCreditCards.com reported an intriguing phenomenon -- starting in the first quarter of 2008, consumers who had both mortgages and credit cards were for the first time... Continue reading
Credit card spending could jump in the next three months
Credit card spending is usually high in the last quarter of each year, but 2013 might see it grow more than normal. The American Express Spending & Saving Tracker study... Continue reading
Credit card customers’ windfalls over wrongful Chase charges
Sept. 19 was not a happy day at the headquarters of JPMorgan Chase. First, the bank had to pay fines of $910 million over failings in the supervision of a... Continue reading
Many Americans more disciplined about managing finances
Americans who keep their finances simple are recovering from the recent recession more quickly than those for whom money matters are more complicated, suggests a study recently released by Chase... Continue reading
Big changes ahead in store-card market
General Electric Company (GE) is getting ready to divest itself of one of its larger divisions, the one that issues private-label credit cards (store cards), according to recent reports by... Continue reading