Credit Card News
Credit Card Regulation–One Big Loophole?
Take credit card rates. The new law says that credit card companies can raise them only in exceptional circumstances. But at least one card issuer has issued an ultimatum to... Continue reading
Credit Card Rewards Still Strong
Remember when credit card companies were lobbying Congress to water down the bill that eventually became the Credit CARD Act of 2009? One of their arguments was that the legislation... Continue reading
Credit card debt collection–a broken system?
Sometimes, this blog refers to credit card companies "charging off", which is industry jargon for writing off delinquent accounts that are regarded as noncollectable. That debt may be thought of... Continue reading
Credit Card Rewards, Plus: Card Fraud
Robin Hood used to steal from the rich in order to give to the poor. Now a public policy discussion paper from the Federal Reserve Bank of Boston gets close... Continue reading
Credit Card Regulation–New Legislation Moves Forward
Representatives of the Senate and House pulled an all-nighter on Thursday/Friday to resolve their remaining issues with the Dodd-Frank Wall Street Reform and Consumer Protection Act, which includes a number... Continue reading
Credit Card Regulation–Senate Passes Bill
Credit card companies were reeling Thursday evening after the U.S. Senate passed a financial regulation bill that many in the industry expect to have far-reaching consequences. A weeks-long process of... Continue reading
Credit card companies–some still gouging
Did you think that last year's wave of credit card regulation would finally stop card issuers from gouging their customers? Well, you were half right. Most mainstream credit card companies... Continue reading
Are Your Credit Card Rates and Spending Limits Determined by Where You Shop?
Have your credit card rates been hiked for no apparent reason? Or maybe your credit limit's been reduced or one of your accounts has been closed. If so, it's possible... Continue reading
Tying the Knot & Building the Nest with American Express
The Knot, Inc., owner of web sites dedicated to weddings (TheKnot.com) and newlywed couples (The Nest.com), has teamed with American Express to offer new credit cards tied to its online... Continue reading
Ohio State Bar Association Launches New Affinity Credit Cards
The three cards, issued by U.S. Banbk, will include a standard OSBA Visa Platinum Card, the OSBA Select Rewards Visa Platinum Card which will offer merchandise and travel rewards, and... Continue reading