New Regulations for Overdraft Fees
by Joseph Kenny | 12/30/09
While healthcare reform takes center stage, a quieter, but still important reform is taking place: credit reform. The cogs have [...] »
US Senate Chairman Rockefeller Investigates Consumer Marketing Tactics
by Joseph Kenny | 12/27/09
The US Commerce Committee Chairman in the US Senate, John D. Rockefeller, has posted a press release on 3-December-2009 announcing [...] »
Credit Card Company Sets a 79.9% Interest Rate on Credit Cards
by Joseph Kenny | 12/24/09
The Credit CARD Act that will take effect in February 2009 does not limit the amount of interest that can [...] »
Credit Card Companies Turn Rewards Into Fees
by Joseph Kenny | 12/21/09
Things are changing fast in the world of credit cards and consumers need to be aware of as many changes [...] »
Debit Cards and Cash This Holiday Season
by Joseph Kenny | 12/17/09
Consumer spending is one of the most important indicators of the strength of the economy, and throughout any given year, [...] »
Bank of America Sends Letters to Customers
by Joseph Kenny | 12/15/09
The credit card companies have been scrutinized by the government and consumers lately in response to concerns over interest rates [...] »
91 Year Old woman Gets A 10% Credit Card Rate Increase
by Joseph Kenny | 12/12/09
Credit card companies are under attack as consumers and the federal government question tactics used to charge consumers as much [...] »
Wisconsin Residents Are Victimized Through ATMs
by Joseph Kenny | 12/9/09
Residents in several states have been victimized by thieves during the month of November. The thieves are stealing debit card [...] »
Consumer Advocate Group Sends Message to Federal Reserve
by Joseph Kenny | 12/5/09
There are four consumer advocate groups that have sent a message to the Federal Reserve. The message basically says that [...] »
Gift Cards Come With Fine Print Too
by Joseph Kenny | 11/23/09
Tis’ the season to be jolly and that means many consumers will be purchasing gift cards to brighten up the [...] »
House Decides to Move Up New Credit Card Regulations
by Joseph Kenny | 11/20/09
When congress passed a new law that regulates the credit card companies the effective date was set for next Spring. [...] »
FTC Files Complaint Against Credit Card Companies
by Joseph Kenny | 11/17/09
The Federal Trade Commission (TFC) decided to take action against companies marketing their products as regular credit cards when in [...] »
Newlyweds Are New Targets for ID Theft
by Joseph Kenny | 11/15/09
As if life weren’t hard enough for America’s youth, a new report from an insurance conglomerate claims that newlyweds are [...] »
Credit Card Law Changes What is “Normal”
by Joseph Kenny | 11/13/09
There has been a lot of talk about the new US federal law going into effect that will change the [...] »
Prepaid Credit Cards Growing in Popularity Among US Consumers
by Joseph Kenny | 11/11/09
There’s no doubt about it: the economy isn’t what it used to be. However, there’s always a silver lining, and [...] »
Low Interest Rates Hurting Consumers Who Save
by Joseph Kenny | 11/9/09
Getting out of debt right now is the goal of many consumers as a result of enduring difficult economic conditions. [...] »
Credit Card Reform Changes
by Joseph Kenny | 11/7/09
For a while, there has been Congressional legislation in the works aimed at putting a stop to the abusive practices [...] »
Tricky Credit Card Rate Changes
by Joseph Kenny | 11/5/09
Credit card companies are forging ahead with new and higher interest rates and other fees. Consumers opening their credit card [...] »
Bank of America Raise Credit Card Fees
by Joseph Kenny | 11/3/09
There are new federal regulations getting ready to take effect that will impact how credit card companies are allowed to [...] »
Credit Card Accounts Closed Without Warning
by Joseph Kenny | 10/29/09
You can imagine the surprise of a customer who tried to pay for gas at a gas station with her [...] »
What’s This About a New Consumer Agency?
by Joseph Kenny | 10/26/09
President Barack Obama appeared on television within the last week and announced he wants to establish a new agency at [...] »
Debit Cards Used More Often Than Credit Cards by Consumers
by Joseph Kenny | 10/24/09
American consumer debt is falling and some of that debt is on credit cards. What is replacing the use of [...] »
Card Companies Offer More Debt Management Help
by Joseph Kenny | 10/19/09
While in the past, the credit card industry urged consumers to make generous use of credit, which led to more [...] »
Capital One CEO Shares Industry Outlook
by Joseph Kenny | 09/30/09
According to Capital One Richard Fairbank, the outlook for the credit-card industry may be characterized by a lack of growth, [...] »
Regulators Added to The Number of Banks Closed in 2009
by Joseph Kenny | 09/10/09
Bank regulators have now added closures in California, Maryland, and Minnesota to the total list of bank failures in the [...] »
Credit Card Law Shows Gap On Cuts
by Joseph Kenny | 09/7/09
In the past, the maxim doesn’t leave home without your credit card was commonplace. The fast, convenient access to funds [...] »
Think Again About Using Credit Cards For Business Financing
by Joseph Kenny | 08/31/09
It is an unfortunate reality that for every $1,000 in unpaid credit card debt, a new business venture increases the [...] »
Bank Of America Backs Off Asset-Backed Securities
by Joseph Kenny | 08/27/09
Bank of America has chosen to back off the asset-backed securities market, which it used to acquire $13.7 billion in [...] »
United Airlines Delays Changing Credit Card Fees
by Joseph Kenny | 08/13/09
While it delayed plans for almost two months, United Airlines has decided to make various travel agencies to pay credit [...] »
Dealing With The Coming Credit Card Restrictions On Teens And Students
by Joseph Kenny | 08/10/09
It is understand that most nineteen-year olds do not have a credit history. As such, they may be limited on [...] »
Bank Of America’s Credit Card Bond Rates May Be Reduced
by Joseph Kenny | 08/6/09
As the number of defaults continues to increase it sounds like Moody’s Investors Service plans to slash ratings on $64.5 [...] »
Arbitration Groups Back Off Credit Card Negotiation
by Joseph Kenny | 08/3/09
In an unexpected turn, two major arbitration firms have decided to stop resolving disputes between customers and their credit card [...] »
APRs And Fees Raised Due To High Credit Card Default Rates
by Joseph Kenny | 07/30/09
If you look at the recently released default statistics that were issued by credit card companies, you may have a [...] »
New Credit Card Regulations Could Harm Big Issuers Visa and MasterCard
by Joseph Kenny | 07/10/09
As the new regulations on the credit card industry begin to be implemented, it may be that Visa and MasterCard, [...] »
Credit Card Payments On Cell Phones
by Joseph Kenny | 07/8/09
Recent discussions about the possibilities of making credit card payments on cell have been renewed with the recent development of [...] »
JPMorgan Raising Minimum Payments On Credit Cards
by Joseph Kenny | 07/3/09
In a new move, JPMorgan Chase, the country’s largest credit card issuer, is planning to increase the minimum payment on [...] »
Continued Rises In Credit Card Defaults
by Joseph Kenny | 07/1/09
Banks continue to write off credit card debt as consumers hurt by record high unemployment default at an increasing rate. [...] »
Delta-Northwest Merges Causes Credit Card Issues
by Joseph Kenny | 07/1/09
For members of Northwest’s WorldPerks program, the current merger of Delta-Northwest has become a matter of staying informed of the [...] »
How the Recession is Changing Credit Card Habits
by Joseph Kenny | 06/15/09
Over the last several decades, the credit card has become a symbol of American capitalism, but the current recession may [...] »
How the New Credit Card Bill Will Affect Young Spenders
by Joseph Kenny | 06/11/09
One of the most important results of the new credit card legislation that President Obama signed in to law on [...] »
Credit Card Companies Attempting to Gain Control of Debt
by Joseph Kenny | 06/9/09
In the past, those Americans who were credit cardholders didn’t worry so much when finances were strained since they could [...] »
Debt Expert Discusses Credit Card Reform
by Joseph Kenny | 06/6/09
Recently, President Obama signed into law a new generation of credit card reform legislation. The question of what impact this [...] »
American Express issues $3B in senior debt
by Joseph Kenny | 05/21/09
In a recent report, American Express Co. made annnouncement that it issued $3 billion in non-guaranteed senior debt. The credit [...] »
Credit Card Companies Adjusting Limits and Interest Rates
by Joseph Kenny | 05/14/09
All across the country, credit cardholders are facing dramatic changes in how (or if) they use their credit cards. In [...] »
Visa Innovates With New Cell Phone Credit Card
by Joseph Kenny | 05/12/09
Did you know it is now possible to use your cell phone like a credit card? For some card users [...] »
Small Business Growth Affected By Credit Card Restrictions
by Joseph Kenny | 05/10/09
There are a number of indicators that the entire small business sector may in danger of contraction as the economic [...] »
U.S. Bank Introduces FlexPerks Travel Rewards Visa Cards
by Joseph Kenny | 05/8/09
If you have heard of or been using the U.S. Bank’s WorldPerks Visa Card, then you might be interested in [...] »
Card Issuers Closing Inactive Credit Card Accounts
by Joseph Kenny | 05/7/09
It is an obvious point, but one worth repeating that the one of the largest factors contributing to the financial [...] »
New Legislation Offers Bankruptcy Relief From Credit Card Lenders
by Joseph Kenny | 04/21/09
Critical of the current credit card practices, Senator Sheldon Whitehouse has now introduced a piece of legislation that intended to [...] »
House Considering New Credit Card Regulations
by Joseph Kenny | 04/18/09
According to recent reports, a new measure is being considered by a House Financial Services subcommittee that would place new [...] »
The Emergence of Cash Cards Is Impacting The Use Of Credit Cards
by Joseph Kenny | 04/15/09
While it’s no secret that the economy’s trouble is deepening, it may be a surprise to some to hear that [...] »
College Fights To Preserve Student Credit Card Marketing
by Joseph Kenny | 04/10/09
There has been some public controversy surrounding a bill in the Ohio State House of Representatives. The piece of legislation [...] »
New Credit Card Security Initiatives Tested By Visa
by Joseph Kenny | 04/8/09
Visa Credit Card Company has announced its plans to pursue a variety of security initiatives that go beyond those features [...] »
Congress Proposes New Limits For Credit Card Companies
by Joseph Kenny | 04/6/09
In an aggressive move by Congressional Democrats, new legislation is being put on the table that would place new limits [...] »
Small Firms Looking Beyond Banks for New Credit Avenues
by Joseph Kenny | 03/22/09
The times have spoken: for small firms, getting credit from banks is something that just isn’t going to happen for [...] »
Credit Management Improving in Midst of Crisis
by Joseph Kenny | 03/19/09
It might be the last kind of news you expected to hear in the midst of the worldwide crisis that [...] »
Credit Card Company Shares on the Rise Again
by Joseph Kenny | 03/18/09
Reports are coming in recently that credit card providers across the country such as Capital One Financial Corporation, American Express [...] »
Card Payment Delinquencies Rise
by Joseph Kenny | 03/16/09
As the economy gets tighter, people are making compromises in how they handle their bills. This is especially true regarding [...] »
United Airlines AMEX card offers extra perks
by Joseph Kenny | 03/9/09
Customers that enjoy travelling can reportedly enjoy some extra perks from the American Express United Airlines credit card, as it [...] »
When in Debt, Don’t Give Into Credit Cards
by Joseph Kenny | 02/20/09
Learning how to handle your finances can be a daunting task. Often enough, when we’re faced with the struggle to [...] »
Millions of Credit Cards Compromised
by Joseph Kenny | 02/18/09
For those who buy online or use credit cards to make payments of any kind, security is one of the [...] »
Credit Cards Can Assist a Car Purchase
by Joseph Kenny | 02/16/09
Finding a car that is right for you often includes looking at various factors that exist outside of the car [...] »
Americans Stay Optimistic Regarding Economy
by Joseph Kenny | 01/13/09
The economy has been facing one of its most serious slumps in history. The mortgage industry crashed and sent banks [...] »