CFPB Takes Aim at Prepaid, Debit Cards on College Campuses

WASHINGTON — The Consumer Financial Protection Bureau has its sights set on prepaid and debit cards offered to college students as such products are filling the gaps left by credit card issuers which have largely left the space, according to a study released by the agency Monday. Collection & Credit Risk

By |2014-12-17T15:02:26-06:00December 17th, 2014|FDCPA|Comments Off on CFPB Takes Aim at Prepaid, Debit Cards on College Campuses

Poll Shows Many Could Not Keep Current Lifestyle Without Credit Cards

The ability to stop using credit cards and pay cash for purchases can be a sign of financial stability as it proves a person’s lifestyle is in line with their income, according to an industry association. Not surprisingly, many people are in the danger zone. Collection & Credit Risk

By |2017-05-20T11:45:26-05:00September 17th, 2014|FDCPA|Comments Off on Poll Shows Many Could Not Keep Current Lifestyle Without Credit Cards

Michaels Confirms Breach of 2.6 Million Cards

After alerting its customers in January that its arts and crafts store chain had suffered a potential data breach, Michaels Stores Inc. confirmed last week that at least 2.6 million cards may have been affected. Collections - Credit Card

By |2017-05-20T11:45:32-05:00May 28th, 2014|FDCPA|Comments Off on Michaels Confirms Breach of 2.6 Million Cards

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