A company that sold credit and debit card payment processing services has agreed to settle Federal Trade Commission charges that it used deception and unsubstantiated claims. Collection & Credit Risk
The Pennsylvania Attorney General's office has charged three people allegedly involved in a counterfeit credit card operation that stole tens of thousands of dollars by using fake credit cards with matching driver's licenses to make purchases and cash advances across the state. Collection & Credit Risk
Consumer credit default ranks showed an uptick in September, according to the S&P/Experian Consumer Credit Default Indices, a comprehensive measure of changes in consumer credit defaults. Collection & Credit Risk
Sears' Kmart discount chain, the latest victim of hacker attacks on retailers, said it detected a security breach this week and is investigating the incident with law enforcement officials. Collection & Credit Risk
Yesterday, Home Depot confirmed that there has been a breach of its payment data systems. According to the company, the breach could potentially impact any customer that has used their card for payment at a Home Depot in the U.S. or Canada since April 2014. Here’s what you can do to protect yourself if you [...]
What could be better than zero percent interest for one year? Nothing, nada, free…right? Not exactly. These kinds of promotional rates are common with credit card offers. They can be connected to: Balance transfer offers Pitches for low-cost ways to finance big purchases, such as “deferred interest” offers So-called “convenience checks,” which invite you to [...]
WASHINGTON -- The Consumer Financial Protection Bureau issued a warning Wednesday to credit card companies that use deceptive marketing to mask hidden charges within promotional interest rates. Collections - Credit Card
A new report from TransUnion indicates consumers are doing a better job of making timely payments even as lenders extend credit more often to people with troubled credit histories. Collections - Credit Card
The Consumer Financial Protection Bureau last week sent letters to 10 of the country's largest universities urging them to publish the terms of prepaid cards, debit cards and checking accounts that banks are promoting on their campuses. Collections - Credit Card
The arrest of a Russian man who is accused of hacking into U.S. retailers' computer systems to steal credit card data has sparked claims from Russian authorities Tuesday that the U.S. violated a bilateral treaty. Collections - Credit Card
