The Latest News from the Credit and Debit World
WASHINGTON - Federal employees charged millions of dollars for Internet dating, tailor-made suits, lingerie, lavish dinners and other questionable expenses to their government credit cards over a 15-month period, congressional auditors say.
A report by the Government Accountability Office, obtained Tuesday by The Associated Press, examined spending controls across the federal government following reports of […]
Apr 04 2008 : TJX has reached a US$24 million settlement agreement with MasterCard for data security breach losses suffered by MasterCard issuers worldwide. The TJX payment is to support an “Alternative Recovery Program,” which will compensate issuers for operational expenses and fraud losses linked to the TJX data breach. […]
On balance, it’s a smart move, but expect fees, take precautions
By Jeremy Simon and Emily Starbuck Gerson
If you’re taking a foreign trip, a credit card can be the best and safest way to pay for travel costs. Even so, it pays to take precautions when traveling with plastic, especially when leaving the country. These 10 […]
Obama, Clinton push reform; McCain silent
By Kayt Sukel
With credit card delinquencies ramping up and the words “credit” and ”crisis” welded together in economic reports, the three remaining major candidates for president have different ways to attack the problem. Democratic Sens. Barack Obama and Hillary Clinton propose activist regulatory solutions, Republican John McCain is mostly mum, but if his […]
Not too long ago I went on vacation in East Asia. While I was there I had the fortune to be accompanied and by local friends who could spot me so I didn’t need to convert my American dollars into local currency. However there were at least two occasions when I glanced upon several beautiful […]
In 2006, Americans donated nearly $300 billion to charities and other nonprofit organizations by using affinity credit cards, which make a small donation to a charitable group with every purchase.
But according to the editors of Consumer Reports’ Money Adviser, users could feel a decidedly uncharitable pinch in the form of high finance charges, depending on […]
House Judiciary Chairman John Conyers (D-Michigan) unveiled legislation Thursday, March 6, that would require credit card companies to negotiate with stores over fees they charge for processing each transaction — kicking off a massive lobbying battle between banks and retailers. The Conyers bill would require credit card companies possessing “substantial market power” to negotiate with […]
by Liz Moyer with Tatyana Shumsky
Thursday, February 21, 2008provided by
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By Christina Rexrode
The Charlotte Observer
CHARLOTTE, N.C. — When Brenda Fishkin got the letter from Bank of America last month, she thought it might be a joke.
The bank said it planned to almost double the interest rate on her credit card, from about 13 percent to 24.99 percent.
Fishkin, 60, couldn’t figure out what she’d done to […]
Reporting
Jack Fink
DALLAS (CBS 11 News) ― Hundreds of thousands of Neiman Marcus customers could soon see their credit card accounts canceled.
The cancellation is all part of a nasty legal battle between the 101-year-old Dallas […]
