Credit card comparison websites can help consumers pick the best card for their needs, but the services come with a big …
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CFPB Cracks Down on Lies in Credit Card Marketing
The Consumer Financial Protection Bureau has the credit card industry in its crosshairs, and it’s making banks who flout the law pay up.
Yesterday, the CFPB along with other federal regulators fined American Express $112.5 …
Make Sure You’re Not Being Charged This Credit Card Fee
Last month, Capital One was hit with a $210 million penalty for engaging in sneaky marketing practices, including pressuring customers to sign on to pricey services of dubious value such as credit monitoring and “payment …
PayPal-Discover Pact Boosts Mobile Payments Momentum
The mobile payments/digital wallet drama now unfolding is fascinating for three reasons: First, paying with your mobile phone is the most fundamental shift in retail commerce since the credit card was invented 60 years ago. …
The Fee That Credit Card Issuers Are Leaving Behind
Banks, the thinking goes, have never met a fee they didn’t like. Yet one credit card charge that has been standard for years—the “foreign transaction” or “foreign currency” fee, which tacks on an extra 3% or so to every hotel …
Discover Brings Back Single-Use Account Numbers
After discontinuing a security feature that let cardholders generate a one-time use number for transactions last month, Discover Financial Services did an about-face and reinstated its Secure Online Account Numbers program.
Credit Card Applications More Transparent, Still Not Terrific
A study published by credit card comparison site CardHub.com last week shows that while the Credit CARD Act of 2009 has helped make the thicket of fine print and legalese somewhat easier to navigate, it’s still a jungle out there. The site’s 2011 Credit Card Application Study looked into the application materials that the 10 biggest …
Discover Discontinues Random-Number Security Feature
Discover Financial Services is discontinuing a security tool that allowed cardholders to request a randomly generated, one-time-use card number they could utilize for online or card-not-present transactions for which they …
Back-to-School Special: 5 Top-of-the-Class Credit Cards for Students
While the Credit CARD Act cut down on a lot of the shady marketing practices credit card issuers used to target college students, there are still a plethora of cards out there for the campus crowd, and wading through them can be …
Why Are Banks and Credit Card Issuers Being So Nice?
Banks are giving cash bonuses of $100, even $200 to people who open checking accounts. New credit cards come with policies that will waive or refund interest to customers in certain situations. Why are we the beneficiaries of such generosity? Mostly, because for banks, offering a helping hand—or at least appearing to do so—is good …
