Comptroller seeks weaker credit card reforms (USA Today)
In an unusual move, the Office of the Comptroller of the Currency has asked other federal regulators to scale back a proposal to crack down on unfair and deceptive credit card practices.
Credit-Card Rage (BusinessWeek Online via Yahoo! News)
David Giantomasi says he vigilantly paid his credit-card bills each month. Even if he could only make the minimum payment, he made sure to get all his monthly payments squared away. So he was shocked when the interest rate on his Chase credit card suddenly jumped to 19.99% from 7.99%. When Giantomasi called the card issuer to demand an explanation, he was enraged. He was told that overall ...
NZers caught up in UK credit card scam (The New Zealand Herald)
New Zealanders visiting Britain have been caught up in a massive British credit card scam. British police recently busted a large counterfeit credit card operation in which fraudsters used electronic readers to capture credit card information when the card was used in ATMs.
New Credit Card Scam Being Reported (WCSH 6 Portland)
SCARBOROUGH (NEWS CENTER) -- A new credit card scam is sweeping across the nation and has even been reported in Maine. The Scarborough Police Department has received calls regarding the scam.
Citi pays $18M for questioned credit card practice (AP via Yahoo! News)
Citigroup Inc. will pay nearly $18 million in refunds and settlement charges for taking $14 million from customers' credit card accounts, California's attorney general said Tuesday.
Checks, debit and credit card numbers stolen from YMCA sale (The Champaign News-Gazette)
CHAMPAIGN – Customers who paid for items at a YMCA fund-raiser with checks or credit cards are being warned about a burglary at which credit and debit card numbers were taken. The University YMCA at 1001 S. Wright St., C, conducted its annual garage sale fund-raiser at the University of Illinois Stock Pavilion on Saturday Sometime between 4 p.m. Saturday and 11 a.m. Sunday, someone took cash ...
Be Prepared for Arguments and Snooping When Sharing Credit Card Accounts (Centre Daily Times)
Nearly one in five people who share credit card accounts say use of the accounts has sparked arguments with the other person, according to a new CreditCards.com poll. The amount of personal conflict greatly increases when shared account holders are dissatisfied with their current credit card.
Bank accused of credit card scheme fraud (Deccan Herald)
A customer, who had purchased a mobile phone and a wrist watch through a credit card scheme from a private bank, is in a soup...
Is Your Credit Card Information Safe? (Enterprise Security Today)
Any firm that stores, processes or transmits credit card data should comply with security standards or risk great losses. Whether we buy goods online or in a store, credit card purchases are a way of life. We may worry about transactions over the Internet, but we generally assume credit card data and related personal information with merchants are secure. But are they? According to analysts, ...
Samsung's Black Edition Credit-Card Sized 1.8-inch HDs Are Tiny, Shiny [Storage] (Gizmodo)
Samsung's taking its large-capacity 1.8-inch HDs (found inside the Macbook Air, iPod, etc) and throwing them into this sleek bus-powered credit-card-sized casing, which looks to be about as small a...
