In the near future, consumers who use their smartphones loaded with near-field communications technology to handle their credit card debt may be able to earn greater rewards for making purchases on these mobile payment systems. Google is working to expand the benefits associated with its mobile payment system known as Wallet, allowing consumers to search […]
In recent months, many consumers have worked hard to reduce debt and have increased the rate at which they pay their credit card debt on time, but now experts believe that trend will reverse in the near future. Since the end of the recent national recession, the rate at which credit card lenders saw borrowers […]
A number of financial and technology companies are now attempting to convince consumers that they will be better served using their smartphones to make credit card purchases, and an executive from one major credit card lender believes it will take more cooperation to make that happen. Mobile credit card payment systems are viewed by many […]
Many consumers who were able to maintain strong credit ratings even as they saw their credit card debt pile up during the recession may have a new way to reduce debt, as a number of major lenders are increasing the size of their promotional offers. Many of the nation's top credit card lenders, like Bank […]
The amount consumers borrowed from creditors fell in September as consumers continued to either reduce debt or failed to take on new lines of credit. Consumers across the country cut the amount they owed more or less across the board, prompting the amount owed to lenders to fall by $9.5 billion between August and September, […]
JPMorgan Chase, the nation's second-largest credit card issuer, is currently working on completely revamping its entire lending business. Under the direction of its head, Gordon Smith, JPMorgan Chase's credit card lending business has taken considerable strides in the last few years in terms of revamping the way it handles bad debt, deals with customer service […]
The large amount of changes to the banking and credit card lending industries seen in the last several months are largely a reaction to increased federal regulation, and the U.S. Secretary of the Treasury believes that the changes put in place by lawmakers will overcome increased costs for consumers. U.S. Treasury Secretary Timothy Geithner recently […]
A new rule that limits the amount payment processing companies can charge businesses for debit card purchases went into effect over the weekend, but some say it could eventually lead consumers to take on more credit card debt. The hotly-contested swipe fee limit is being simultaneously hailed by retailers and some lawmakers as a way […]
Now that summer is coming to a close, it’s time to get the school bags out and head back to classes. Whether you’re heading off to college or sending the little ones off to school, this time of year could get quite costly. Back to school shouldn’t mean back to debt! Here are the top […]
One of the nation's largest credit card lenders will begin charging a monthly fee to consumers who want to use its branded debit cards, and some consumer advocates say it may be difficult to afford for those who have had trouble trying to reduce debt. Bank of America recently announced plans to begin charging $5 […]