The fees charged to merchants for accepting credit card purchases may soon be limited in one state, which might allow for some debt relief for consumers and small businesses alike. New Hampshire lawmakers are currently considering a bill that would limit what banks can charge for processing credit card purchases to just 1 percent of […]
A recent ruling passed down by the U.S. Supreme Court states that telemarketers and other businesses, such as debt consolidation or collection firms, that repeatedly call homes can be sued in state and federal courts. The decision came as the result of a lawsuit involving a man who was repeatedly harassed by debt collectors with […]
Many consumers may have noticed that their mailboxes are being filled with more generous credit card offers from a number of major lenders in recent months, but other financial institutions are likely to step up their marketing as well. Federal credit unions are seen as the next big competitors when it comes to offering credit […]
Consumers who are worried about being hit with fraudulent credit card debt may be interested to learn about a new mobile payment system being shown off by a global card issuer. CSI GlobalVCard, which issues MasterCard-branded debit and credit accounts, recently unveiled its new virtual credit card payment system at the latest Consumer Electronics Show […]
A new credit card device has recently been introduced and is designed to limit the chances of consumers being hit with bogus credit card debt. The card, created by Dynamics Inc. and being shown off at this week's Consumer Electronics Show in Las Vegas, randomizes six digits of a user's credit card number every time […]
Unicredit America, a now-defunct debt collection agency based in Erie, New York, has been hit with a renewed suit from the state's attorney general. The suit is designed to hold the company's president and vice president, Michael and Anthony Covatto, personally liable for its violations of consumer protection laws, according to a report from the […]
Millions of Americans who have subprime credit ratings are now receiving offers for new credit cards, and some of those are the result of a controversial alliance between lenders and debt collectors. Some companies are now issuing credit cards to consumers with thousands of dollars in old debts on the condition that they pay back […]
While many consumers are working diligently to reduce debt and get their finances under control, one type of credit many consumers are adding in large quantities these days is student loan debt. Student loan borrowing has increased for nearly every consumer age group, but none moreso than for those between the ages of 35 and […]
With the economy still struggling somewhat, officials in some parts of the country say residents are seeing a higher number of debt collection agencies, some of them using aggressive tactics. In the state of Idaho, the number of agencies has grown 20 percent over the past few years, the Idaho Statesman reports. There are now […]
Several months ago, American Express launched an online payment platform known as "Serve," and will soon begin issuing Serve-branded prepaid cards that are designed to help consumers better associate those accounts with the digital system and not the lender itself. American Express is generally viewed by consumers and experts alike as being a lender for […]