The revenue banks get from interchange fees helps to offset money lost from fraudulent transactions.

The true face of bankruptcy is NOT the former millionaire turned fraudster or slickster, it is the ordinary people in our society who have run into a bit of bad luck and misfortune.

The Federal Reserve is coming under fire after it proposed that credit card companies consider individual income and not household income when deciding whether they will issue a credit card.

Post-bankruptcy debtors who still have debts to pay after their discharge need to ask themselves a consider a few things so that they can both prepare for retirement

Post-bankruptcy debtors must realize that dealing with the credit card industry is much like a game of musical chairs. Just when you think you got it all covered, the music stops or suddenly changes.

The CARD Act was suppose to put a lid on the virulent marketing of credit cards to young people but according to some experts, the situation has not improved much. Young people are still in debt with credit cards and credit card companies are coming up with creative ways to bilk the youth of their last penny.

During this recession more young people 18 – 34 years old are trying to take charge of their finances.  But taking charge of finances can be particularly difficult for college educated youth who are short on resources and deep in debt.  Making their situation worse is the fact that jobs are in short supply and [...]

The new norm for recession recovery is to being proactive

According to an article in Forbes, as study conducted by the Pew Charitable Trust found that credit cards offered by credit unions may offer lower rates and cheaper fees than their bank issued counterparts.
The article said:
“The study found that the median advertised interest rates for credit cards issued by the nation’s 12 largest credit unions [...]

Reform leaders seeking to fast track reform.
You are not alone… even Congress is having trouble controlling the credit card industry.  Congress thought they were doing everyone a favor when they implemented a wave of reforms designed to give consumers more protection from abusive credit practices.  In the interest of fairness, Congress also gave the credit [...]