More Cardholders Falling Behind on Their Payments
Three of the largest credit card companies in the United States JPMorgan Chase, Bank of America and Citigroup reported that more cardholders fell behind on their credit card payments in September signaling...
Consumer Anger With Credit Card Companies Mounts
This will probably come as no surprise to the majority of our readers but we thought we should bring it to your attention anyway because the numbers are quite interesting. Recently (July 2009) Consumer...
Consumers Are Angry with Credit Card Issuers
More and more consumers are making their anger known to banks and credit card issuers in response to what they perceive to be, and probably rightfully so, poor treatment from their credit card company. They’re...
Bank of America Will Not Raise Rates Ahead of Reforms
While credit card issuers are racing to raise interest rates on existing balances ahead of the reform provisions that will strictly forbid them from doing just that, refreshingly, Bank of America said...
Chase Credit Cards Court Business and Wealthy Clientele
Well, as another sign that we are indeed finally beginning to recover from this horrendous recession that we’ve been mired in for the past several years is the fact that an interesting competition...
Chase Credit Cards Poised To Make A Move
The credit card market for wealthier clients and small businesses has long been dominated by American Express, but J.P. Morgan Chase is now positioning itself to compete with AMEX in these lucrative areas...
$24 Billion In Overdraft Fees Last Year Alone
Have you been charged overdraft fees lately on your checking account? The chances are pretty good that you probably have been based on the fact that more than 50 million people across the United States...
Banks Fatten Up On Overdraft Fees
Do you want to know how much banks, credit unions and other financial institutions love debit cards? According to the Center for Responsible Lending the answer is quite a bit. There has been a 35% increase...
Consumer Debt Falls for the Seventh Straight Month
Consumers continue to cut debt in the face of this seemingly endless recession. The Federal Reserve Board reported that August represented the 7th consecutive month that consumers have reduced their borrowing. Consumer...
Consumers Are Borrowing Less
In the month of August 2009, consumers once again reduced how much they are borrowing for the seventh consecutive month. Instead of taking on more debt, American households are working to pay off their...
The Forecast for Christmas Sales
Is it too early to start thinking about Christmas? For most, yeah, it probably is, but for retailers it’s never too early. With that said the news doesn’t appear to be too good early on. According...
Credit Card Protection Provision May Be Moved Up
The much ballyhooed credit card protection legislation that was signed into law by Pres. Barack Obama last May is being revisited by Congress due to the actions of the credit card issuers. United States...
Credit Card Reform May Be Moved Up
The House and Senate approved credit card reform legislation that was signed by Barack Obama last May. Some of the provisions have already kicked in but one of the main ones, the one in which credit card...
