The Future of the Credit Card Industry

Major credit card issuers are now scrambling to rethink their business models in light of the recent passage of the Credit Card Reform Act legislation. This legislation will bring huge changes in the way... 

How to Deal with Sudden Credit Card Interest Rate Increases

If you are one of the millions of Americans who have recently seen your credit card interest rates increase sharply then you can at least take comfort in the fact that you are not alone. Not much solace... 

The Future of Credit Cards

It is no secret that the recession has hit the credit card industry exceptionally hard. Banks and credit card issuers are scrambling to collect on debts owed to them by cardholders. There’s no question... 

Credit Card Companies Report Record Defaults

It looks like it’s more bad news for credit card companies. All of the major credit card issuers reported seeing record default rates in the month of May. It is quite clear that consumers remain... 

Do Relatives Assume Credit Card Debt

Now here is a rather common question that will no doubt become even more common now that credit card debt has risen so sharply over the past decade. When a relative such as a parent, child or sibling dies... 

The Future of Visa Inc.

In our last post we discussed how Joseph Saunders, the Chief Executive of Visa Inc., foresees the new credit card reform legislation affecting his industry. In this post I think it is important that we... 

Visa Speaks Out About Credit Card Reform

The chairman of Visa Inc. Joseph Saunders spoke a couple of days ago about what the credit card reform act legislation will mean not only to his company but to the credit card industry as a whole. Nothing...