Credit Cards News. Tag: 'loan'
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Credit Card Lawsuits Abandoned By JP Morgan
The collection department of JPMorgan Chase has been disbanded over the past few months, due to the ceasing of legal action in order to reclaim debts accumulated by their customers.
Tax Preparation Loans Live to Fight Another Day
In Washington a political tussle has allowed lenders to keep on offering finance that consumer groups are worried that may seem rapacious.
Credit Report Trumps Credit Score
A new study shows that the majority of American consumers mistakenly believe that their credit score is the most important thing in regard to financial matters.
50K Bonus ThankYou Points For Preferred Cardholders
While their competitors increase bank fees and debit cards charges to meet spiraling costs and regain lost revenue, Citibank is swimming upstream and offering increased earning and redemption opportunities to holders of the Citi ThankYou Preferred Card.
Debit Card Scammers Fined $4.8 Million
A federal court have ordered short-term loan providers Matthew Patterson, Mark Benning and Jason Strober of “Swish Marketing Inc.” to pay out in excess of $4.8 million after they reportedly tricked thousands of pay day loan applicants into purchasing debit …
Discover Sees Record Growth This Quarter
Discover Financial Services has posted record growth this quarter as they doubled their earnings from the same quarter last year. Losses also dropped substantially from the previous year.
Consumer Borrowing On the Rise
Over the last seven months, consumer borrowing has been continuing to rise. Last month’s increase was primarily attributed to commercial banks and credit unions providing auto and student loans.
Regions Bank Brings Credit Cards Back In-House
Regions Bank this week announced their decision to bring their credit card services back in-house, ending a long running deal with Bank of America subsidiary company FIA Card Services.
Card Spending Increase Points Towards Recovery
The latest industry research points to some good news for both credit card issuers and merchants. The most recent Nilson Report shows that credit card spending is rising nationwide.
Credit Cards Are Easier To Obtain
A new survey by the Federal Reserve shows that banks have been more willing to approve credit card applications during the first quarter of this year, but it seems unclear if it is actually a consumer demand for them.
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 …
Are You Unable to Get Credit?
Do you need a credit card or a loan and you are unable to get credit. Banks and financial institutions are careful while accepting clients for credit requests. The reason is obvious; they have to release money and they want …
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