Verizon Wireless and American Express have teamed up for digital payments. Verizon customers will be able to set up Serve accounts, a digital platform created by American Express, on the the phone company’s mobile phones or tablets, the companies announced Monday. The service links a customer’s bank, debit or credit card account to fund a
» Read moreThe National Consumer Law Center, or NCLC, has published a Top 10 list of action items for the new federal Consumer Financial Protection Bureau, or CFPB. Among the items is one credit card related to-do, which is to “get inside the books of credit card companies to make sure they’re not charging illegal fees or
» Read moreWhile federal lawmakers have been bickering over plans to raise the U.S. debt ceiling, consumers have been increasing their own borrowing capacity in the form of auto loans, credit cards, student loans and home equity lines of credit. That’s according to a recent national report about credit trends from Equifax, a global credit information service
» Read moreEveryone is raving about Netswipe, the new application released Tuesday by Jumio that enables computer webcams to stream debit and credit card information for online purchases. Forbes says it will “deliver radical change to online payments,” while many tech blogs across the Internet are falling all over themselves for it. (It helps, of course, that
» Read morePat yourself on the back. Credit card balances fell because you paid your bills, not because banks wrote off your accounts as uncollectible, according to a new study released Wednesday. Credit reporting agency TransUnion found that credit card holders made $72 billion more in payments than purchases from the first quarter of 2009 to the
» Read moreUpfront credit card fees are stirring up emotions in South Dakota. Last week, First Premier Bank and Premier Bankcard of the Mount Rushmore State filed a lawsuit against the Federal Reserve Board and the newly opened Consumer Financial Protection Bureau. The suit says the central bank overstepped its authority when it ruled that upfront fees
» Read moreIf your to-do list is 10 items deep (at least), you’ve probably let one credit card payment slip through the cracks. Now Citi has a card for you. Like its name suggests, Citi Simplicity features no late fees, no penalty fees and one single interest rate for purchases, cash advances and balance transfers. That means
» Read moreOn Wednesday, I told you about how the newly formed Consumer Financial Protection Bureau will help credit card holders. One of the things I mentioned is that the CFPB will start taking complaints about credit cards. Lo and behold, the agency already is offering an easy online form to hear from you. Talk about quick,
» Read moreThe generator of the most-used credit score has revamped its educational website to reflect new score disclosures rules taking effect Thursday. Fair Isaac Corp., the creator of the FICO score, breaks down the new credit score disclosures consumers will receive from lenders on Scoreinfo.org and provides sample notices. The goal is to help consumers make
» Read moreIn just one day, credit card holders will officially get a government champion. The Consumer Financial Protection Bureau, or CFPB for short, opens its doors Thursday, one year to the day after President Barack Obama signed the Dodd-Frank Wall Street Reform and Consumer Protection Act into law. It’s very exciting — and I’ll tell you
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