American Express will wage a "multiyear" court battle against the U.S. Justice Department over its suit regarding interchange fees, and the government's allegations the credit network's policies are anticompetitive, an Associated Press report said. In a conference call the day thesuit was filed, vice chairman Ed Gilligan said the company had "no intention of settling […]
Paying down high levels of debt is one of the best ways to improve credit problems and increase one’s credit standing. But many people cannot do that so quickly, especially in this economy. About one-third of a credit score is based off of a credit utilization ratio, which is the total creditbalances divided by the […]
Debtmerica, LLC, a nationwide provider of debt resolution programs for consumers ranked #11 on the Orange County Business Journal’s “Best Places to Work” List. Los Angeles (Vocus/PRWEB) October 4, 2010–Debtmerica, LLC, a negotiated debt resolution firm providing services to consumers nationwide, announces its inclusion on the Orange County Business Journal’s (OCBJ) Best Places to Work […]
The study, called the Verizon Payment Card Industry Compliance Report, found that groups that suffered data breaches were 50 percent less likely to comply with minimum security standards than those that did not. In addition, only 22 percent of organizations were PCI compliant at the time of the investigation. However, data breaches that may lead […]
Visa and MasterCard could reach a settlement as part of an antitrust suit from the U.S. Justice Department as early as this week over the interchange fees they charge vendors, according to a report from the Wall Street Journal. At issue is the way the networks attempt to prohibit store owners from encouraging customers to […]
Fortunately, there are a number of ways for a consumer to become debt free, and it starts by being smarter with one’s finances. This often includes setting a budget and keeping close account of one's monthly expenditures. These techniques can help identify areas where extra money can be used to pay off credit card debt, […]
But the new head of the Consumer Financial Protection Bureau said that will stop as soon as possible. According to a report from Fox Business, CFPB boss Elizabeth Warren, just a few weeks after her appointment by President Barack Obama, spoke before 400 members and guests of the Financial Services Roundtable in Washington, D.C., and […]
According to a report from the Treasury Department, it will soon expand its efforts to allow more people who receive federal benefits payments automatically and electronically. Its broadened direct deposit marketing program is tied to its MasterCard Direct Express prepaid debit cards, and may help eligible consumers avoid taking on credit card debt. While the […]
Debt settlement companies will be required to disclose more information to consumers beginning on September 27, according to a report from CNBC. These details include how long it will take for them to settle the debtor's accounts, how much it will cost, and what consequences may result from the process. The report also noted that […]
In the first half of the year, many Americans used their maturing CDs to pay down their total credit card debt, according to a report from Market Rates Insight. MRI, which tracks rates for deposits, loans and fees for financial institutions, said CD balances dropped by about $200 billion from January to June, and 15 […]