Power Play in Debit Card Swipe Fee Fight

Credit Cards

Power Play in Debit Card Swipe Fee Fight

Power Play in Debit Card Swipe Fee Fight

In the war between big banks and big retailers over control of your wallet, the retailers just won a small but potentially important battle. By pushing Senator Jon Tester (D – Mont.) to retreat on his call for a two-year delay on new limits for debit card swipe fees, the Merchants Payments Coalition may have… Read More

New Credit Card Originations Increase Significantly

Credit Cards

New Credit Card Originations Increase Significantly

New Credit Card Originations Increase Significantly

Year-over-year credit card origination growth rose more than 28 percent between February 2010 and the same month this year, according to the latest statistics from the credit reporting bureau Equifax. This was largely due to a vast increase – totaling more than 75 percent – in the number of cards issued to subprime borrowers, which… Read More

Want to Charge Weed? What Credit Card are You Carrying?

Credit Cards

Want to Charge Weed? What Credit Card are You Carrying?

Want to Charge Weed? What Credit Card are You Carrying?

A growing number of states have passed laws legalizing marijuana, and more states are currently considering legalization bills of their own. If you live in one of the 16 states that already allows marijuana to be purchased for medicinal use, you can charge it according to most major credit card issuers’ policies. If you’re a… Read More

Foreclosures Rise Once Again in Massachusetts

Mortgages

Foreclosures Rise Once Again in Massachusetts

Foreclosures Rise Once Again in Massachusetts

The most recent statistics issued by the real estate tracking firm the Warren Group showed that the number of foreclosure petitions filed in the Bay State rose to 1,192 in April, up 14 percent from March, according to a report from the Boston Globe. This was also the highest rate observed in the state since… Read More

Number of Mortgage Delinquencies Nationwide Decline Sharply

Mortgages

Number of Mortgage Delinquencies Nationwide Decline Sharply

Number of Mortgage Delinquencies Nationwide Decline Sharply

The delinquency rate for home loans on residential properties with between one and four units rose slightly to 8.32 percent between the fourth quarter of 2010 and first of 201, but decreased sharply on a year-over-year basis, according to the latest statistics from the Mortgage Bankers Association. That’s up from the 8.25 percent seen in… Read More

Tired of Getting Credit Card Offers in the Mail? How to Opt Out

Credit Cards

Tired of Getting Credit Card Offers in the Mail? How to Opt Out

Tired of Getting Credit Card Offers in the Mail? How to Opt Out

Credit Card Question: I keep getting credit card offers in the mail and I don’t need a new card right now. How do I make it stop? Answer: More and more people are asking this question. Mail solicitations have gone way up, so that’s why folks are starting to get wary. If you’re not in the market… Read More

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