Just the other day I wrote that I thought that credit card pins would not catch on in the United States. Today, I found an article about a company that is betting that fingerprint scanning technology embedded in credit cards will replace signatures and pins. Smartmetric predicts that fingerprint credit cards will protect [...]
Whether you’ve misused your credit cards in the past and need to build your credit score or you can’t get a credit card because you don’t have any credit history, you’re problem is the same - you need to raise your credit score without a credit card.
TheStreet.com has just released a list of five ways [...]
Newspapers and consumer advocates have come up with a few catchy slogans to explain to Congress why it is so important to pass the credit card practices reform proposals.
With some re-wording:
The San Diego Union-Tribune: Credit Cards are ticking time bombs in your pocket - some of which have already exploded.
The Press-Enterprise: Using a credit card [...]
The San Diego Union-Tribune has a list of a few other measures under consideration by Congress in its deliberations over credit card reform.
The measures include:
Restrictions on marketing to college students and those under 21 years of age.
7 percent limit on penalty interest rate increases.
Ban on fees for paying by phone or when using the internet.
Proposals [...]
The Albany Times Union has an editorial here that declares that the credit card reforms proposed by the federal reserve are too weak. The substance of the argument is that (a) they’ve let them get away with too much in the past; (b) they’re making lots of money; and (c) they still can charge a [...]
Second Start proposed that families earning less than $30,000 a year should have access to lower interest rate credit cards than those earning over that amount? This position seems to treat access to affordable credit as a right of all Americans. What do you think? In favor … or not …
Australia is implementing a system where credit card users may input a pin rather than sign their name, according to a report in the Sydney Morning Herald. With the current trend in the United States to do away with credit card signatures completely (at least for low dollar items) - I can’t see this [...]
The Kansas City Star reported that Hillary Clinton’s campaign had received $30 million in contributions via credit card payments over the internet through February. I wonder what percentage of those contributors maintain a balance on their credit cards and what the real cost of the contribution to the campaign supporter will be by the time [...]
Credit card debt increased by 5% in February and 7.9% in March, according to Marketwatch.
But that’s not rosy for credit card companies. Payments on 4.11 percent of credit cards at the largest six U.S. credit card companies are more than 30 days late, according to Bloomberg. That’s the highest average since November of 2004.
The DMN editorial throwing its support behind credit card regulatory reform is worth reading - at a minimum - to thoroughly enjoy the line:
“It’s hard to take seriously the complaints of an industry that cavalierly pushes credit cards to virtually any person with a pulse.”
But heads up to the Dallas Morning News: Credit Card companies [...]
