Banker group pushes for loose regulation of prepaid cards

The federal agency tasked with making sure consumers can avoid misleading or even predatory lending practices recently received a letter from the nation's largest bankers asking it to be judicious in its decisions regarding the regulation of prepaid cards. The American Bankers Association's recent letter to the Consumer Financial Protection Bureau asked that the agency […]

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New credit card technology would reduce fraud

In recent months, a number of the nation's top credit card lenders have begun issuing credit cards to some borrowers that come with new technology, but experts say a wider roll-out would reduce fraud across the country. Most major countries across the globe have been using a type of credit card that has yet to […]

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Rewards cards found to benefit consumers of all backgrounds

In the past, there has been some speculation that consumers in certain demographics might not benefit from the use of rewards credit cards, but new data shows that this is not the case. Some financial experts have posited that rewards credit cards really only provide a benefit to more affluent borrowers who can afford the […]

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Private student loans can cause significant problems for borrowers

Instances of college students taking out large amounts of education loans from private lenders have grown significantly in the last several years, and many are facing financial difficulties as a result of this type of lending. In all, Americans owe more than $150 billion on private student loans, which is problematic because many of the […]

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New ‘smart’ credit card can handle info for several accounts

The average consumer currently has several credit cards in their name and may have difficulty keeping track of all the various features available on each. But now a new kind of card may help them clear up the confusion. A startup known as Wallaby Financial recently unveiled a new type of credit card that can […]

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Small businesses facing swipe fee charge dilemma

A recent settlement with the world's two largest credit and debit card payment processors allows companies to change the way they deal with certain types of transactions, but that may put many small businesses in a tough position. As a result of the settlement between payment processors Visa and MasterCard and numerous retailer groups, small […]

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Conservative lending standards a boon for credit card issuers

During the recent national recession, millions of Americans found that they had credit card bills they could no longer afford to pay because of personal financial hardships, and that in turn led to legislation designed to better protect consumers. While the Credit Card Accountability, Responsibility and Disclosure Act of 2009 had a positive effect for […]

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Mobile wallet industry continues to develop

Many companies in a wide range of industries are now invested in the development of mobile purchasing systems in some way, and as time goes on, they are beginning to get a better idea of just what the new systems might end up looking like. Mobile wallet systems, which use smartphones embedded with near-field communications […]

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How will the changing credit ecosystem affect payments?

A lot of attention is now being paid to the ways in which consumers might be willing to change their credit card usage habits, and the effect that mobile technology might have on these behaviors. But now, many wonder about how these new options will impact the use of cash. These days, many companies are […]

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Credit cards for college kids becoming more of a focus

More parents today are left to think about the impact various lines of credit might have on their college kids, and there is a lot to take into consideration given the current economic climate. In the final month and a half before the fall semester begins, many young adults are in the final preparatory stages […]

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