Consumers who worked diligently to reduce debt during the recession could now be on a more sound financial footing and interested in obtaining a new credit card. Fortunately for them, many financial institutions are increasing their lending for new accounts. The value of new credit card accounts being issued by lenders rose by more than […]
The cost of processing transactions made with debit and credit cards can sometimes be high, and many businesses are now telling consumers that they will no longer accept this payment method. A growing number of businesses across the country are now warning customers that they will stop accepting debit and credit card payments because the […]
Those who were successful in their previous attempts to get out of debt due to the state of the economy and their personal finances may now be feeling good enough about their standing to acquire a new credit card. And for the first time in three years, some lenders were willing to grant them new […]
Consumers who want to reduce debt may have trouble doing so if they are affected by credit card fraud, and a new study found that lenders may not do enough to prevent this type of crime from taking place. While the nation's largest credit card lenders tend to do a good job of clearing up […]
In an effort to entice some of the nation's more well-off consumers into once again taking on more credit card debt, many of the top lenders in the U.S. have begun sending out offers for new accounts in far greater numbers than last year. Mintel Comperemedia recently released figures that show the number of credit […]
Though it initially reassured customers that their credit card accounts would not be affected by a major data breach, one of the nation's top lenders recently told federal lawmakers that it actually suffered millions of dollars worth of losses. Citi revealed that the hacking effort that exposed more than 360,000 of its North American credit […]
Consumers who fall so far behind on their credit card payments that the debt is charged off may be hit with a lawsuit from their former lender, but one of the nation's top financial institutions has recently been dropping such cases in a number of states across the country. JPMorgan Chase – the nation's second-largest […]
One of the nation's largest credit card lenders recently revealed that it saw its second-quarter profits more than triple as consumers used their accounts more often and made more successful efforts to reduce debt. Purchase volume and value rose appreciably, and charged off accounts fell considerably, and those factors combined to spell $593 million in […]
Consumers who use debit cards instead of credit in an attempt to reduce debt may soon be helping out the restaurants they visit, thanks to a new rule from the Federal Reserve Board that will be enacted later this summer. Restaurants are expected to benefit from the new, lower swipe fee rules more than most […]
The U.S. economy is slowly recovering from the massive recession that had a severe negative impact, but now some experts believe the amelioration would be greatly aided if consumers took on more credit card debt. Americans have been reticent to use their credit cards to make everyday purchases since the recession hit, and have instead […]