Back in May when Ben Bernanke and the Federal Reserve proposed changes to rules related to credit cards, they did so under the theory that “improved disclosures alone cannot solve all of the problems consumers face in trying to manage their credit card accounts.” Others in favor of credit card reform argued in support that [...]
In a poll conducted in April and May of 2008, American consumers ranked American Express, the fourth largest American credit card issuer, highest in consumer satisfaction for the second year in a row according to J.D. Power and Associates.
While it may be a bit early to start placing bets on the outcome of the J.D. [...]
The New York Times reported that credit card offers sent via the mail in the second quarter of 2008 are down about 14 percent over the second quarter of 2007. Does this mean that we’ll be free from their junk mail in our mailbox anytime soon? That seems unlikely. They still sent out an amazing [...]
The United States isn’t the only country where consumers are having difficulty with credit card debt and rising expenses. I previously discussed the problem with credit card debt in Great Britain. And numerous news stories have focused on the growing problems with credit card debt in other countries in the world.
Australians owe a national record [...]
I recently stumbled across an article about a South Africa company introducing a cell phone based payment system to Cape Town, South Africa.
It’s got me wondering whether this type of mobile payment system will catch on in the United States. While it would be nice to simply carry my cell phone rather than my wallet, [...]
Credit card companies have pretty much always felt free to adjust the interest rate on their fixed rate credit cards. That is, until last year when Citibank decided that the fixed interest rate on its credit cards would no longer be increased at any time for any reason. Citigroup has since rethought that [...]
Bloomberg reported that credit and debit card transactions will rise from 40 percent in 2005 to 55 percent of all US transactions in 2011.
It will be interesting to see whether this prediction proves accurate. Now more than ever, credit cards and the associated fees are under the microscope. Given that retailers are lobbying Congress for [...]
American consumers hold more than 1.2 billion credit cards (including bank cards and retail or gasoline cards).
Source: Dayton Beach News Journal
