Debit Card Antitrust Concerns
Visa Inc. and MasterCard Inc. are the world’s biggest payment networks in the world. Today, the two entities may raise antitrust concerns if they “collude” with larger banks to block limits on debit-...
View ArticleInterchange fee
Every time you buy something with a credit card or a debit card, the retailer you buy it from doesn’t get the full amount of the charge. Visa and MasterCard collect an interchange fee of up to 2.95%...
View ArticleBank Closures
Washington regulators announced that five banks were closed down on May 28, 2010. Three of the banks are in Florida, One in Nevada and one in California. That brings the total US Bank failure number to...
View ArticleCredit Card Cut Back
Americans backed away from swiping their credit cards for the 21st straight month. Households are borrowing less and saving more, and that has dragged on the overall economy by lowering consumer...
View ArticleWays To Increase Credit Score
Here are some ways that you can help increase your credit score: 1. Request a credit line increase. The one factor of your credit score you have the most control over is credit utilization. Credit...
View ArticleBest Credit Card
American Express for the fourth straight year in a row was voted the best credit card issuer based on customer satisfaction. Based on a 1,000-point scale, AmEx received a customer satisfaction rating...
View ArticleNew Credit Card Rules Go Into Effect
The new set of credit card restrictions approved have gone into effect. The rules block credit card companies from charging more than $25 for late payments except in extreme circumstances, prevent them...
View ArticleGovernment Sues Credit Card Companies
The United States Justice Department on Monday sued the three largest U.S. credit card companies for anticompetitive practices and reached a proposed settlement with two of them, MasterCard and Visa....
View Article12 Cent Cap
The Federal Reserve proposed a 12 cent cap on the fees banks would be allowed to charge merchants for debit card transactions, a move that could cut into the revenue for banks that issue debit cards....
View ArticleCredit card rates increasing
Credit card rates have now reached a four year high. The average rate is at 15.14 percent. Up from 14.75 percent just six months ago. Its kinda ironic because as mortgage rates continue to hit all time...
View Article
