Issues

    Posts Tagged ‘credit cards’

  • Crafts store chain accused of failing to protect consumer financial data Wednesday, June 1, 2011 � by jg

    Chicago Tribune: Two lawsuits seeking class-action status allege Michaels Stores Inc. “failed to safeguard shoppers’ credit and debit card information and PIN numbers.”

  • CA Supreme Court rules retailers can’t ask consumers for ZIP codes Thursday, February 10, 2011 � by jg

    Los Angeles Times: The California Supreme Court ruled unanimously customer ZIP codes are protected under the state’s Credit Card Act.

  • Banks find more ways to stick their hands in consumers’ pockets Monday, November 8, 2010 � by jg

    Wall Street Journal reporter Jessica Silver-Greenberg says banks are raising minimum payments to try to force late fees, charging for credit protection insurance without permission, and attaching all kinds of fees to prepaid cards that aren’t covered by new federal regulations.

  • Companies that claim to settle credit card debts face new rules Friday, July 30, 2010 � by jg

    New York Times: Federal Trade Commission chiarman Jon Leibowitz said the new rules “will stop companies who offer consumers false promises of reducing credit card debts by half or more in exchange for large, upfront fees.”

  • Capital One challenged on increasing “fixed” interest rates Thursday, July 22, 2010 � by jg

    Reuters: A federal appeals court in California reinstated a lawsuit against Capital One, after the company more than doubled the interest rate it charged a cardholder who thought she had a “fixed” APR.

  • Chase cardholder fights back after accounts closed Tuesday, July 20, 2010 � by jg

    Los Angeles Times: Chase’s failure to respond to his lawsuit in a timely manner may cost it a $2 million judgment.

  • What Congress has (and hasn’t) done for consumer financial reform Friday, June 25, 2010 � by jg

    New York Times: “A roundup of some of the biggest consumer issues that members of Congress addressed and where they ended up.”