With thousands of credit card offers, it’s inevitable that some will be better than others. You needn’t worry too much if you have one of the “worst” cards on this list, however, because with this burden comes an easy opportunity for improvement. Simply
A recent Senate vote all but confirmed that the Durbin Amendment would be implemented as planned. As the Federal Reserve scrambles to issue final regulations on interchange fees and debit card issuers scramble to comply, banks look for creative ways to make up for the loss of an estimated $14 billion in revenue.
Many banks have already adapted to less lucrative checking accounts and changed their fee structures accordingly. Still others are focusing on long-term reactions to interchange regulation, from court challenges to innovative revenue models. Here are five ways we’ve seen banks try to compensate for a 12-cent interchange fee limit:
So you’ve seen the sun, the surf, the sand, and you’re ready for a vacation that doesn’t give you bathing suit anxiety or an empty bank account. You’re not alone.
Conventional vacations can be costly, stressful and leave you feeling like you’ve been through a triathlon rather than tranquility. Many wise travelers have opted for “stay at home vacations”, or staycations, to avoid the expensive hassle and enjoy their immediate environment more than ever before.
How do You Savor a Staycation?
When’s the last time you curled up under the covers while nibbling on a croissant? You haven’t? I knew it. There’s nothing b
Consumers are starting to reap benefits two years after the CARD Act took effect, according to the Pew Health Group’s Safe Credit Cards Project, a review of credit card offers by the nation’s 12 largest banks and largest credit card issuers. These institutions represent 90% of all outstanding credit card debt in the United States. The purpose of the latest report was to see how the credit card industry has changed since the passage of the Act and used data collected from March 2010 through January 2011.
According to Nick Bourke, Director of the project, “Pew’s research shows that predictions that the legislation would spark new charges and long-term interest rate growth have not materialized.” Interest has stabilized at reasonable rates of between 12.99% – 20.99%, unchanged from 2010. Overdraft