Consumers who are attempting to rebuild their credit and find greater financial flexibility by increasing their ability to take on credit card debt may still be faced with higher upfront fees for opening an account as a result of a U.S. District Judge's Ruling. Judge Karen Schreier recently placed a preliminary injunction on a rule […]

The number of companies who met standards designed to ensure that consumers were not hit with fraudulent credit card debt neither shrank nor grew in 2011, a new study found. Just 21 percent of organizations surveyed reportedthat they completely met the Payment Card Industry Data Security Standard, a baseline for protecting consumer credit card information […]

The Durbin Amendment to the Dodd-Frank Act was designed to help protect consumers, but may end up resulting in higher costs for making credit card purchases. The Federal Reserve Board recently capped the amount payment processing networks could charge businesses for accepting debit transactions, but now these networks are likely to boost the fees for […]

Many consumers have worked hard in recent months to reduce debt loads, and a new poll finds that many have been successful. The total percentage of consumers who say they are carrying more debt now than they were at this time last year slipped to 23 percent, according to a recent Rasmussen Reports survey. That's […]

The number of consumers who were looking to get out of debt increased once again in August, leading one of the nation's top lenders to write off fewer accounts as being uncollectable. The latest monthly regulatory filing from Discover Financial Services reveals that it saw its credit card charge off rate – the number of […]