Beware That New Credit-Card Offer
By Jessica Silver-Greenberg The Wall Street Journal Click here to read the full article Amid all the junk mail pouring into your house in recent months, you might have noticed a solicitation or two for a “professional card,” otherwise known as a small-business or corporate credit card. If so, watch out. While J.P. Morgan Chase [...]
The New Credit-Card Tricks
By Jessica Silver-Greenberg The Wall Street Journal Click here to read the full article Whomever President Barack Obama taps to head the new Bureau of Consumer Financial Protection could find it difficult to keep ahead of the credit-card industry. The Credit Card Accountability Responsibility and Disclosure Act of 2009, known as the Card Act, was [...]
Prepaid Cards Growing But New Policies Loom
By Will Hernandez American Banker Consumers and businesses are expected to load as much as $186 billion onto prepaid cards in 2014, according to a report released last week, but uncertainty about future government regulations could hamper sustained market growth. Aite Group LLC expects the value of funds loaded onto branded prepaid card accounts this [...]
How we pay with plastic will change today with new credit card rules
Below is an excerpt written by Teresa Dixon Murray of the Cleveland Ohio Business News on the Credit CARD Act that goes into effect tomorrow. To read the article in full, click here. “Companies won’t be allowed to promote credit cards on college campuses or to send pre-screened card approval letters to anyone under 21. [...]
Credit Card Legislation Means Consumers Under 21 Need a Way to Navigate the ‘Plastic Gap’
By Jerry R. Welch CEO of nFinanSe, Inc. As posted on The Huffington Post In the past several decades, the way we pay for things has made plastic, not cash, king. The rise of plastic began with credit cards which for years have attracted consumers despite high interest rates and constantly changing fine print. The [...]
