Credit Cards News. Tag: 'fed'
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First Premier Move Drops Average APR Rate
According to the weekly Credit Card Rate Report the interest rates on opening offers for new credit cards fell during the past week, partly due to a severe drop in the APR of the most expensive card in the survey.
California Latest State To Introduce eCrime Unit
California is the latest in an increasingly long line of states which are creating specialist law enforcement agencies to deal with cyber crime.
Fed Leaves Federal Funds Rate Alone
Last week The Federal Reserve did not make any adjustment to interest rates, holding the key lending rate at between 0 and 0.25 percent.
New Federal Watchdog Launches To Mixed Reception
A new federal watchdog launched on Thursday among a flurry of controversy and uncertainty regarding its leadership, its future and it’s powers. The Consumer Financial Protection Bureau is intended to police all financial products, but many consumers fear it may …
Fed Rules Banks Must Reveal Credit Score
The Federal Reserve has ruled that credit card applicants can now see their credit scores free of charge when a bank bases a decision to decline service based on the credit score.
Fed Sets Swipe Fee Cap At 21 Cents
The Federal Reserve has listened to the pleas of bankers and increased the debit card interchange fees cap. However, the fees will still be half of the current average which still spells a loss in revenue.
Visa 1st Quarter Profits Beat Expectations
Visa has announced 1st quarter profits which have increased 24%, a much more significant increase than experts had predicted for the credit card industry giants.
Debit Card Use Reduces Government Costs
In the wake of the recent recession, it seems like everyone is attempting to save money anywhere they can and Government agencies are no exception. State and Federal agencies are making use of debit cards to cut back on expenses …
Navy Federal Offers 0% BT With No Fees
Credit card issuers are attempting to entice consumers into using their credit cards again by offering attractive offers and sign up bonuses.
Interchange Fee Cap Delayed by Fed
Chairman of the Federal Reserve, Ben S. Bernanake announce to lawmakers on Wednesday that the central bank will miss the April 21 deadline for the proposed $0.12 cap on debit card interchange fees.
Paying Taxes With Credit Cards Carries a Fee
American taxpayers have recently been encouraged by the Internal Revenue Service to pay their taxes quickly and easily using a credit card. However, finance experts are warning that paying by a credit card can add a substantial amount to …
FED Propose Easier Access To Credit Scores
U.S. Federal regulators submitted a proposal on March 1st which would give American consumers better access to free credit reports. The idea behind the proposal is to allow consumers more accurate information about their own credit so that they know …
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