Thursday, May 17th, 2012
Almost every Ohio State student can relate to having stacks of mail filled with credit card applications and inboxes bombarded with MasterCard and Visa offers."I got a Discover Card in the mail this weekend," said Aja Goare, a first-year in communication.She said she thinks she receives about as many credit ...
Posted in News | No Comments »
Thursday, May 10th, 2012
Voluntary agreements to try to stop online piracy and counterfeiting, such as pledges by credit card companies to shun offenders, are working well even in the absence of legislation, White House Intellectual Property Enforcement Coordinator Victoria Espinel said on Wednesday.But Senate Judiciary Chairman Patrick Leahy , D-Vt., says legislation ...
Posted in News | No Comments »
Tuesday, May 8th, 2012
To: EDUCATION, LEGAL AFFAIRS AND NATIONAL EDITORS University of Houston Law Center Professor Jim Hawkins to release first empirical assessment of the CARD Act's effectiveness for young consumersHOUSTON, April 24, 2012 /PRNewswire-USNewswire/ -- A new study by University of Houston Law Center Professor Jim Hawkins finds a credit card reform ...
Posted in News | No Comments »
Friday, April 20th, 2012
Economists are thrifty bunch. If they do use credit cards, they never miss a payment. They never pay the 10%+ APR charged by credit card companies for balance transfers. They do not buy homes that they cannot afford, and if they take on a mortgage, they read the fine print. ...
Posted in News | No Comments »
Thursday, April 19th, 2012
RICHMOND, VA (WWBT) - The agency that set out to protect consumers may abandon a rule that limits big, upfront fees on credit cards.Proposed new rules were announced by the Consumer Financial Protection Bureau. This new consumer watchdog agency would allow credit card companies to once again charge you high ...
Posted in News | No Comments »
Wednesday, April 18th, 2012
NEW YORK, NY--(Marketwire -04/17/12)- The Credit Card Industry took a massive beating during the recent financial crisis. But things are looking bright for the industry in 2012 as all five of the major credit card companies have gains in the double-digits this year. With an improving economy and worries about ...
Posted in News | No Comments »
Monday, April 16th, 2012
HONOLULU (AP) " Hawaii has filed seven lawsuits against banks and credit card companies that allegedly charge customers for payment protection programs they don't want or can't qualify for.The products are marketed as a way to protect cardholders against unauthorized charges, stolen or lost cards and identity theft, and might ...
Posted in News | No Comments »
Friday, April 13th, 2012
Naturally, this new direction does not mean that the card company wants to eliminate customers or lose new business. Their primary objective, at this point, is to recollect the monies they offered as credit during the previous few years and lower current lending levels. In recent years, the numbers of ...
Posted in Debt | No Comments »
Wednesday, April 11th, 2012
Q: Can credit card companies charge a late fee on an account they closed? And can they continue to charge interest on that same account?A: For closed accounts such as yours - ones with a balance owed - the terms of your credit card agreement are still applicable. Only after ...
Posted in News | No Comments »
Monday, April 9th, 2012
Credit card companies make lots of money. In fact, not including penalties and fees, credit card companies have averaged over a 10% annual return on their loans, over the last 26 years. In a recent article on Learn Bonds, I describe how you can invest in the equivalent of ...
Posted in News | No Comments »