Credit NEWS

One of the most recent studies conducted reveals that a number of families in the United States are still trying hard to bring their finances under control. Conducted by Equifax, one of three major credit bureaus, this study revealed that there are certain households in the United States which have 17% of their total income [...]

Banks are surely feeling the crunch these days, thanks to the regulations of the CARD Act and also decreased use of credit cards by card holders. In an effort to make up for the loss of revenue, banks are looking for newer ways to ensure their profit margins do not take a hit. A number [...]

VeriFone has expressed its fears over the security features of Square’s mobile card readers and have launched an attack stating that the whole system was flawed. VeriFone has claimed that these card readers were putting the customer’s data at risk.
Douglas Bergeron, CEO of VeriFone has asked for the card readers to be recalled and states that [...]

The credit card debts have fallen to a six-year low but the US consumer credit seems to have risen at an annual rate of around 2.5% in the month of January as the federal lending rose. The Federal Reserve stated on Monday in its monthly report that the overall consumer credit outstanding had risen to [...]

Getting that first credit card is a dream come true for most college students. While in the past, banks were willing to offer a wide range of freebies to the first time applicants, the implementation of the CARD Act has changed all that.
The implementation of this Act has made it very tough for many students [...]

Small business owners are being flooded with offers of a zero-rate credit card, as big banks are trying to entice them with card promotions and reward programs.  However, are these offers really what they seem to be? The answer is ‘NO’.
Small business credit cards do not offer any protection to the clients as per the [...]

The latest reforms according to the Card Act have made it difficult for teens to get credit cards on their own. According to Call 12 For Action, teens have found devious ways to get past the new laws in order to get a credit card, which could be putting them at considerable risk.
Molly Heilny, a [...]

Most debit cards and credit cards charge currency conversion fees on purchases that are made outside the US. This was a strong topic of discussion as companies were not doing the right thing by imposing so many levies on the customers.
It has come as a relief now as most of these companies seem to agree [...]