What You Can Do About High Debit Card Fees

Okay, at this point I think we’ve all heard about Bank of America’s plans to charge their customers $5 per month for making purchases using their debit card. Not surprisingly it has not been well received at all. So what exactly can be done about it? Well, there are actually several options for those unwilling [...]

No Pay for Bank of America CEO Ken Lewis

It looks as if the Obama administration is enforcing its edict to crack down on corporations receiving federal bailout money. It was recently announced that the beleaguered chief executive officer of Bank of America, Ken Lewis, will receive no pay or bonuses for the year 2009. The pay czar appointed by Obama, Kenneth Feinberg, is [...]

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 that the credit card issuers profit. Because the credit card companies are so reliant upon charging high interest rates and fees, [...]

Balance Transfer Fees Are Going Up

It wasn’t too long ago that we were absolutely inundated with balance transfer credit card offers. It seemed as if we couldn’t turn around without seeing the latest and greatest balance transfer deals. Well, I’m sure I don’t need to tell you that those days are long over with. The current credit crisis effectively put [...]

Credit Card Companies Marketing On Campus

Credit card companies have aggressively marketed to students for many years now. But apparently that in your face marketing strategy has reached critical mass at some college campuses. Michigan State University has a deal worked out with Bank of America whereby Bank of America is given a list of MSU students, alumni and season ticket [...]

Capital One Financial Corp Reports A Record 4th Quarter Loss

Capital One Financial Corp. is the parent company of credit card behemoth Capital One. It also has recently gotten into the branch banking business by buying Louisiana based Hibernia and New York based North Fork Bancorp. They have also reached an agreement to buy Chevy Chase Bank which serves the Washington D.C. area. Capital One, [...]