Posts tagged credit
Credit Card Tricks and Traps
Dec 19th
Image by Getty Images via Daylife
In a post titled " New Credit Card Tricks, Traps, and 79.9% APRs " on the Credit Slips blog, Adam Levitin says that "the card industry is at it again, devising new tricks and traps to disguise the cost of its products and avoid price competition."
The card industry is at it again, devising new tricks and traps to disguise the cost of its products and avoid price competition. Unfortunately, this was exactly what I predicted in the wake of the Credit CARD Act. I was a vocal supporter of the Credit CARD Act, but I also viewed More >
Bank of America Announces Credit Card Clarity Initiative
Dec 4th
Bank of America has announced the launch of a new Credit Card Clarity Commitment – “a one-page summary of customers’ rates, fees, and payment information.” Bank of America says it is “the first bank to provide each cardholder with a clear and simple explanation of this kind.” BofA says that its Credit Card Clarity Commitment will be sent to its 40 million current cardholders beginning in December and will be available to new customers next year. (more…)
Credit Agricole, Equens negociate card, payment processing deal
Nov 26th
(The Paypers) French banking organisation Credit Agricole is set to close a card and payment processing deal with pan-European payment processor Equens SE.
More here: Credit Agricole, Equens negociate card, payment processing deal
The Card Game – on Frontline/PBS Tomorrow Night
Nov 23rd
In an article titled ” In Love Affair With Credit, It’s Business as Usual “, Eric Mink writes for the New York Times about the PBS Frontline episode titled ” The Card Game ” that’s scheduled to air tomorrow evening. Mink writes that “the program, a co-production with The New York Times, springs from the enactment in May of the Credit Card Accountability, Responsibility and Disclosure Act of 2009.”
See more here: The Card Game – on Frontline/PBS Tomorrow Night
UK credit card market to see bad debt increase by the end of 2010 – report
Nov 9th
(The Paypers) Credit card debt levels remain high in the UK, despite the fact that the current economic crisis has prompted consumers to lower their borrowing…
Go here to read the rest: UK credit card market to see bad debt increase by the end of 2010 – report
