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Representatives Seek Review of ‘Ability to Pay’ Ruling

A group of 25 bipartisan United States representatives have asked the Consumer Financial Protection Bureau to revisit rulings which prevent stay at home spouses from being able to open their own credit card accounts.

Dec 19, 2011 / 0 Comments / Read More


What Bothers Consumers Most About Credit Cards

The CFPB (Consumer Financial Protection Bureau) has now been open for approximately 5 months, as has their contact center for consumer complaints about credit card issuers.

Dec 13, 2011 / 0 Comments / Read More


Watchdog Logs 5000 Credit Card Complaints

In just 3 months, the brand new financial watchdog CFPB (Consumer Financial Protection Bureau) has fielded over 5,000 complaints from consumers with regards to credit cards.

Dec 1, 2011 / 0 Comments / Read More


What To Do If Your Credit Cards Are Suspended

Recent surveys show that it is every shopper’s worst nightmare when at the checkout counter. When the checkout assistant tells you that your card has been declined it is easy to fear the worst.

Nov 15, 2011 / 0 Comments / Read More


Banks Push Credit Cards As Debit Becomes Less Profitable

Banks are encouraging consumers to use credit cards by offering additional perks and enticing offers to convince people to sign up for new credit card accounts.

Nov 11, 2011 / 0 Comments / Read More


First Lawsuit Against CFPB To Go Ahead

A federal judge has ruled that one of the first lawsuits filed against the new Consumer Financial Protection Bureau can move forward.

Oct 7, 2011 / 0 Comments / Read More


Citizens Bank Offer Low Rates To Hurricane Irene Victims

Thanks to a generous offer from Citizens Bank, many victims of Hurricane Irene can now see some light at the end of the tunnel.

Sep 23, 2011 / 0 Comments / Read More


BoA To Introduce Two New High Reward Accounts

Credit card issuers are becoming increasingly competitive as they attempt to snare the most credit worthy customers and they are offering more appealing offers and incentives to consumers in a bid to lure them into opening new accounts.

Sep 16, 2011 / 0 Comments / Read More


Capital One Purchase HSBC Credit Card Portfolio

Capital One completed a $33 billion deal to purchase all HSBC owned or managed credit cards last week, but reassured customers that they can expect only good things in the wake of the agreement.

Aug 29, 2011 / 1 Comment / Read More


Credit Card Lending Standards Relaxed

Many of American consumers find it difficult to obtain a credit card account because they have less than perfect credit.

Aug 25, 2011 / 0 Comments / Read More


Fed Survey Shows Drop In Student Credit Cards

A recently released Federal Reserve study shows that the number of new student credit card accounts opened through colleges and alumni associations has dropped 17 percent from the previous year.

Aug 4, 2011 / 0 Comments / Read More


Annual Fees Have Not Returned In Wake of CARD Act

Despite expert predictions, it seems that many of the nightmarish high annual fees and additional fees which were to be the outcome of credit card reforms have not come to pass.

Jun 6, 2011 / 0 Comments / Read More


Credit Cards Help Consumers Save on Gas

With gas prices rising sharply over the past year, consumers are searching for the best deal on fuel. As many consumers are now finding, the key to cheaper gas might just be your credit card rewards program.

May 18, 2011 / 0 Comments / Read More


MasterCard Offers Enhanced Hotel Data Program

Consumers who travel frequently for business should be very interested in a new feature being offered by MasterCard Worldwide and some of the top hotel chains which allows business clients enhanced account access.

May 6, 2011 / 0 Comments / Read More


Credit Card Data Compromised By Playstation Hack

Sony has issued consumers with a warning that credit card numbers stored on their Playstation Network Service may have been stolen by hackers after a major online attack crippled the entertainment network.

May 4, 2011 / 0 Comments / Read More




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