Many will use tax returns to pay down debt

One side effect of the recent recession that may be regarded positively is that it largely forced consumers to be more careful about the way they spend, save, and generally manage their money, and that trend is being reflected in the way Americans plan to use their tax returns. More Americans are planning to put […]

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Card transaction value surged in 2011

The amount of money spent with debit, credit and prepaid cards increased considerably last year as consumers began to feel better about their financial situations in the wake of the recession. The value of transactions completed by consumers using the four largest card brands in the nation (Visa, American Express, MasterCard and Discover) increased across […]

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Card issuers keep sweetening introductory offers for top borrowers

In recent months, the nation's biggest credit card lenders have been extending offers to potential borrowers of all stripes, but the best are reserved for those with top-notch credit, and the offers are getting better all the time. Lenders have been aggressively courting consumers with high-quality credit scores for some time, but are now extending […]

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Experts say mobile wallet adoption inevitable

Many in the credit card and mobile device industries have been saying for some time now that it's just a matter of time before mobile wallet technology was adopted on a large scale, and that day seems to be drawing closer all the time. Currently, there are more than 10,000 credit card transactions processed every […]

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Credit card fraud still a major problem

Instances of credit card information being used to make fraudulent purchases remains a considerable problem across the country for borrowers and lenders alike. Currently, 47 percent of all credit and debit card fraud worldwide takes place in the U.S., which is problematic because just 27 percent of all transactions take place within the nation's borders, […]

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Millions of consumers considered underbanked

Even as financial institutions continue to broadly expand their marketing efforts in the wake of the recession, millions of Americans still do not have access to basic accounts or lines of credit. In 2005, about one in every four consumers simply did not have the ability to access banking services, loans or credit cards, and […]

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Lenders still not issuing credit cards to college students

A confluence of regulatory issues and generally questionable borrowing habits has led many lenders to continue to refrain from issuing credit cards to young adults even as they continue to broaden lending to other consumers. In general, credit card lenders are now granting more cards to consumers with healthier borrowing histories, but even as they […]

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Boku launches new mobile payment platform

There is now a new competitor in the ever-growing mobile payment market after a popular company launched its own near-field communications purchasing platform. The tech company Boku recently unveiled its new Boku Accounts, a payment platform that will allow for consumers to make purchases online and in brick-and-mortar stores, according to a report from Tech […]

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American Express under fire for late fees

One of the nation's top credit card lenders is in hot water with the federal government over the way it charges late fees for some of its cards. American Express recently said that it was facing enforcement from the Federal Deposit Insurance Corp., and perhaps the Consumer Financial Protection Bureau as well, due to the […]

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Top-rated consumers seeing surge of offers

Consumers who have the strongest credit ratings have recently seen the number of offers for new credit card accounts increase significantly. Competition for high-quality credit borrowers is increasing among lenders, and as conditions improve, so too are the number of offers they extend to consumers with credit scores of 740 or more, according to a […]

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