LowCards.com Weekly Credit Card Update November 9
Consumer Credit Growth Cools, Credit Card Use Sags In September, growth in consumer credit cooled as households appeared to use their credit cards less frequently. According to Federal Reserve data...
View ArticleLowCards.com Weekly Credit Card Update December 7
Credit Card Penalty Payments are Arriving More than $425 million in refunds and restitution will soon be sent to millions of consumers nationwide, penalties paid for deceptive credit card practices....
View ArticleLowCards.com Weekly Credit Card Update December 14
Bank of America’s Plan to Drive Mobile Banking Beyond 12 Million Users As part of a drive to sign up more people for mobile banking, Bank of America is outfitting its teller stations with quick...
View ArticleTop Credit Card Stories of the Year
2012 was a relatively quiet year for the credit card industry. However, there were a number of developments that may have a far-reaching impact in the years to come. Here are the top ten credit card...
View ArticleLowCards.com Weekly Credit Card Update January 25
With Cordray Nomination, Obama Renews Fight With GOP President Obama renominated Richard Cordray for head of the Consumer Financial Protection Bureau on Thursday. Cordray is currently serving in the...
View ArticleLowCards.com Weekly Credit Card Update–February 8, 2013
California Supreme Court Makes it Easier for Apple, Online Businesses to Collect Personal Data A divided California Supreme Court ruled that online merchants such as Apple and Ticketmaster can require...
View ArticleBattle on Cordray’s Nomination Continues Along Party Lines
The re-nomination of Richard Cordray as Director of the Consumer Financial Protection Bureau remains a political hot button. Cordray can be confirmed by majority vote in the Senate, but a minority of...
View ArticleVote on CFPB Director Set for Tuesday
After this week's confirmation hearings, Republican senators continue to block the nomination of Richard Cordray to lead the Consumer Financial Protection Bureau. However, a Senate panel has scheduled...
View ArticleSenate Committee Approves Cordray to Head CFPB
The nomination of Richard Cordray to again head the Consumer Financial Protection Bureau was approved by the U.S. Senate Banking Committee by a 12-10 vote that was split down party lines. Every...
View ArticleLowCards.com Weekly Credit Card Update–July 12, 2013
Is a Store Credit Card Right for Your Wallet? Store credit card offers sound tempting but smart shoppers should consider taking the application home and scrutinizing the terms and conditions before...
View ArticleThe CFPB’s Accomplishments in its First Two Years
The Consumer Financial Protection Bureau is celebrating its two-year anniversary with much calmer waters ahead. The CFPB has been the center of political firestorms ever since it was originally formed....
View ArticleLowCards.com Weekly Credit Card Update–July 26, 2013
New Ruling on Credit Card Regulations Could Mean Big Changes at the Cash Register in Canada A ruling expected this week on a complaint against Visa and MasterCard could significantly change how...
View ArticleProposed Senate Bill Mandates Free Annual Credit Scores
A proposed bill in the United States Senate would mandate all consumers have access to free annual credit scores. The Stop Errors in Credit Use and Reporting (SECURE) Act is designed to reduce the...
View ArticleCitibank to Provide Free Credit Scores to Cardholders
Citibank will become the largest credit card issuer to provide free credit scores to their credit card customers. The bank will begin providing these scores on a monthly basis beginning in January. The...
View ArticleLowCards.com Weekly Credit Card Update–July 2, 2015
The Postal Service Wants You to Bank at Your Post Office Elizabeth Warren would like to change the way you bank. The Massachusetts Senator and consumer advocate firebrand may not be running for...
View ArticleThe 5-Year Anniversary of the Consumer Financial Protection Bureau
The Consumer Financial Protection Bureau will celebrate its five year anniversary tomorrow, July 21. To commemorate the occasion, the organization published a report showcasing some of its biggest...
View ArticleNew Bill Proposes Free Credit Freezing after Equifax Breach
Democratic senators Elizabeth Warren and Brian Schatz recently introduced a bill to make credit freezing and unfreezing free to all consumers. The bill is designed to ensure that Equifax cannot profit...
View ArticleSenators Pushing for Tougher Data Breach Laws
Two Democratic senators, Elizabeth Warren of Massachusetts and Mark Warner of Virginia, have introduced a bill that would give the Federal Trade Commission (FTC) more power to investigate credit...
View ArticleLowCards.com Weekly Credit Card Update–January 12, 2018
Credit Card Debt Hits New Record Credit card debt is back at an all-time high. A big jump in credit card debt in November has raised the total of what is called revolving debt to $1.023 trillion,...
View ArticleEquifax Breach Worse Than Previously Disclosed
In documents provided to the Senate Banking Committee, Equifax revealed their 2017 breach may have exposed even more information than previously disclosed. In September, credit reporting agency Equifax...
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