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More Consumers Pay Credit Cards Over Mortgages
In an unusual fall-out from the housing crisis and the extended economic downturn, an increasing number of consumers choose to pay their credit cards over their mortgages, according to a new study by credit rating agency TransUnion.
Credit Card Offers Stage a Rebound
In a possible sign of a budding economic turnaround, credit card companies have...
Fed: Credit Pull-Back Eases, But Loan Demand Weak
According to a recent report from the Federal Reserve, the two-year long credit pull-back...
Congress May Scrap Credit Card Watch Dog Agency
The proposed Consumer Financial Protection Agency, which were to protect consumers from...
Debit Cards Continue to Gain Ground on Credit Cards
From DC parking meters to New York taxi cabs and online shopping, the ways in which U.S....
Credit Cards In The News
Credit Card Companies Waive Fees for Some Haiti Aid
U.S. credit card companies announced Thursday and Friday that they will waive or rebate the transaction fees on credit card donations to major U.S. humanitarian relief organizations involved in the relief efforts following last week’s devastating earthquake in Haiti. (more)
Defaults on Retail Credit Cards Soar
Defaults on store-branded credit card accounts soared during the holiday shopping season, according to a report released Thursday by Fitch Ratings. Defaults rose to 12.56 percent in December, up from 11.36 percent the month before. (more)
Credit Card Issuers Profit First From Haiti Donations
As the world rushes to help with the relief efforts of the devastating tragedy in Haiti, an unlikely party stands to profit from the outpouring of care and concern: credit card companies. (more)
Federal Reserve Releases New Credit Card Rules
The Federal Reserve Board on Tuesday finalized the amendments to the Truth in Lending Act, which will lead to greater consumer protections for credit card usage. (more)
Fed Report: Consumer Credit Takes Record Tumble
U.S. consumer credit dropped $17.5 billion in November, a record drop which took economists by surprise. The largest drop was in revolving credit, largely a measure of credit card balances, which plummeted by 18.5 percent or $13.7 billion to $874 billion in November. (more)
The End of Cash? New iPhone Apps Take Credit Cards
The race is on, or so it seems, to come up with the best mobile phone device for swiping and processing credit cards. (more)
'Charge-It' Credit Card blog
The Growing Case of Annual Fees
2/7/2010
One of the changes that seem to be a growing trend among credit card issuers is the annual fee and by the looks of it; we may see them to continue to find their way into pocketbooks.
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