Salvation Army volunteers are hoping to ring up more donations this year with some high-tech kettles.
CBS7 reports that some Salvation Army donation kettles in certain parts of Texas will now be equipped with debit and credit card machines.
While most people are used to dropping spare change and bills into the famous red kettles, national Salvation [...]
One of America’s biggest exports is its culture. The country’s food, movies and music often can be found across the globe.
And now, it seems, so can American spending habits.
CNN International looks at the changing face of credit card use in China. Previously, Chinese citizens were models of savings. According to CNN, residents there, on average, [...]
A new survey by the Federal Reserve confirms what many have been expecting: Banks and credit card companies are tightening credit available to consumers while adding more fees and higher interest rates.
Yesterday, the Fed released a survey of banks from across the country on how they are handling credit cards. From the New York Times [...]
Yesterday the House of Representatives passed a measure that would freeze credit card rates until the new credit card bill takes effect in January, the Wall Street Journal reports.
Passed back in May, new legislation was set to take effect in February that would change the way credit card companies do business. Some of these laws [...]
We carried some warnings that many credit card companies are taking quick action in the months before new credit card laws take effect.
Credit card holders from across the country recently reported:
Sudden cancellation of cards, despite good credit history
Available credit drastically reduced
New and increased annual fees
Higher interest rates – in some cases double or triple the [...]
The Associated Press is confirming what many blogs and Twitter users have been clamoring about for a few days now.
Citibank is making some major changes to its credit card department after posting “$8 billion in consumer credit losses for its third quarter last week.”
The changes include new interest rates for many customers, even longtime cardholders [...]
We’ve already discussed the many changes happening with credit cards thanks to Congress, but they haven’t forgotten about debit card users.
Acting on pressure from Congress, USA Today reports that the Federal Reserve is planning new rules that will require banks to redo the way they handle overdraft debit card charges. From the story:
“The Fed’s move [...]
All credit card owners should be on their toes.
Since Congress passed major changes to the credit card laws back in May, credit card companies have been testing the waters with new plans, rates and tactics. You should read the fine print on your next credit card statement because you could be part of the experiment.
Case [...]
Prepaid debit and credit cards are fine in theory.
Many personal finance experts recommend them as the first step in rebuilding credit after filing Chapter 7 bankruptcy. They are also a common choice for people who are unable or unwilling to maintain a traditional bank account.
In fact, prepaid debit cards – such as Green Dot, Only [...]
Credit cards can get many of us into trouble and sometimes they can get so out of control that many Americans today go bankrupt.
A recent CNN article profiles Dawn Warfield, another American who found herself in debt way over heard. In fact she was $80,000 in debt with 17 different credit cards.
Warfield owned her own [...]
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