Credit card companies Articles

Visa 1Q Profit Rises 16% as Card Use Rises

5:16PM 2/08/2012

Earnings, MasterCard, Visa, Credit Cards

Visa said Wednesday that its fiscal first-quarter profit rose 16 percent, as card use rose both in the U.S. and overseas. The San Francisco-based payments processor posted a notable 10 percent increase in U.S. credit card use. But debit card use rose just 6 percent. That's the slowest debit card growth rate in more than a year, and comes during the first three-month period that new rules were in place to limit the fees retailers pay to accept the cards.

Who Is Watching You? Nine Industries That Know Your Every Move

8:00AM 9/24/2010

By Douglas McIntyre

Technology, Google , Bank of America, Wal-Mart Stores, Citigroup, Facebook, Insurance, Credit

Don't kid yourself. Real privacy no longer exists in this country. From your hobbies to your income to your phone calls, pretty much everything about you is tracked by someone, somewhere. We've examined the most intrusive firms and industries -- some of them may surprise you.

Obama Administration rep talks about the new credit card rules

11:00AM 2/23/2010

By Martha C. White

Credit

Well, the CARD Act is finally here, and CreditCards.com hosted a video town hall meeting today with a White House Administration representative to talk about the new credit card rules and answer questions about how the legislation will affect consumers. Most of the town hall was devoted to...

Ask the Dolans: Can my credit card company change the terms on account I have closed?

10:00AM 11/06/2009

By Ken and Daria Dolan

Debt, The Dolans, Credit Cards, Credit, Video

Ken and Daria Dolan, America's first family of personal finance, answer your questions every Friday. Click here to ask Ken and Daria your question Credit card companies are on a tear, raising rates, slashing credit lines, increasing minimum payments and closing accounts in advance of the new...

Obama summons credit-card execs for a lecture on principles

6:30PM 4/23/2009

By Todd Pruzan

Debt, Credit

President Obama made good on a campaign pledge for credit-card reform on Thursday when he sat down with execs from issuers to demand a halt to an epidemic of increasing fees, interest rates, and red tape. The New York Times (among other publications) reports that Obama envisions a compromise...

The recession-era perp-walk: Credit-card execs slouch toward D.C.

7:00PM 4/17/2009

By Todd Pruzan

Relationships, Consumer Complaints, Economy, Credit

eThere are probably people out there who lie awake at night, thinking about credit cards. They toss, imagining their tenacious debt entangling them like ivy slowly choking a brick house. They turn, fantasizing about the C.I.A.-approved techniques they'd like to see performed on the leaders of the...

Credit card companies cracking down on customers

8:00AM 10/15/2008

By Carol Vinzant

Debt, Economy, Credit, Banking

The credit crisis seems theoretical and far away -- until the bank starts messing with your credit card. Many consumers are finding the first place they're seeing tangible evidence of the crisis is when credit card issuers cancel their accounts or lower their limits -- sometimes even below their...