Pew: “Business” Credit Cards Dangerous for Individuals

Credit Cards

Pew: “Business” Credit Cards Dangerous for Individuals

Pew: “Business” Credit Cards Dangerous for Individuals

Every month, Americans receive 10 million business credit card offers in the mail. These cards look like regular credit cards, but they’re intended specifically to help small companies and large corporations track their expenses. And unlike regular consumer cards, business credit cards don’t have the same protections under federal lending laws. That’s dangerous, especially now… Read More

Bill for Small Business Credit Card Regulations Introduced

Credit Cards

Bill for Small Business Credit Card Regulations Introduced

Bill for Small Business Credit Card Regulations Introduced

The Credit Card Accountability, Responsibility and Disclosure Act of 2009 greatly increased the number of protective regulations for consumer accounts, but failed to do so for those for small businesses. However, a bill recently introduced to the U.S. House of Representatives by Congresswoman Nita Lowey of Westchester County, New York, will create similar safeguards for… Read More

American Express Taking Daily Deals Upscale

Credit Cards

American Express Taking Daily Deals Upscale

American Express Taking Daily Deals Upscale

For many Americans, daily deal websites are inclusive affairs, with sites like Groupon and Living Social boasting 30 to 50% savings on everyday items from clothes to cupcakes. Now American Express is taking the daily deal concept uptown. The company announced this week that it will team up with French deal website vente-privee.com to offer… Read More

Financial News Roundup: CFPB Changes Mortgage Forms, Low-Profit Emergency Rooms Close

Mortgages

Financial News Roundup: CFPB Changes Mortgage Forms, Low-Profit Emergency Rooms Close

Financial News Roundup: CFPB Changes Mortgage Forms, Low-Profit Emergency Rooms Close

Today’s top news headlines feature the first string of changes that will be imposed by the Consumer Financial Protection Bureau and reasons recent graduates are being called the “lost generation.” Plus, find out why busy emergency rooms are closing across the U.S. CFPB To Simplify Mortgage Forms The Huffington Post The Consumer Financial Protection Bureau… Read More

Is Your Kid Being Targeted for a Credit Card?

Students

Is Your Kid Being Targeted for a Credit Card?

Is Your Kid Being Targeted for a Credit Card?

In the late ’90s, the Internet was really and truly the Wild, Wild West. It was a tough time for parenting because it was difficult to know exactly what to tell our kids about staying safe online. But one thing was as clear then as it is now: Don’t give personal information on the Internet…. Read More

TweetChat Today: Jean Chatzky Answers Your Questions! #DebtDiet

Managing Debt

TweetChat Today: Jean Chatzky Answers Your Questions! #DebtDiet

TweetChat Today: Jean Chatzky Answers Your Questions! #DebtDiet

Join Credit.com and personal finance expert Jean Chatzky for a Tweet Chat today, Thursday May 19th, at 11:00 a.m. PST / 2:00 p.m. EST in to kick off our collaboration on The Debt Diet Challenge. We’re looking for five people to try out Jean’s Debt Diet. Those selected to participate will have full access to… Read More

BofA Pledges Foreclosure Help for Chicago

Mortgages

BofA Pledges Foreclosure Help for Chicago

BofA Pledges Foreclosure Help for Chicago

In the waning days of his 22 years as Chicago’s mayor, Richard M. Daley announced a new partnership with Bank of America by which the bank will donate hundreds of foreclosed residential units to local government agencies, pay to demolish abandoned buildings, and improve its process for informing the city about new foreclosures. “As we… Read More

Consumers Spent More on Cards for Retail

Credit Cards

Consumers Spent More on Cards for Retail

Consumers Spent More on Cards for Retail

April saw year-over-year increases in both the amount of transactions using checks, credit and debit cards, as well as the value of those purchases, according to the latest statistics from First Data’s monthly SpendTrend study. Overall, debit purchases that required consumers’ signatures saw the biggest increases in both categories, rising 9.5 and 9.9 percent, respectively…. Read More

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