Credit Card Issuers NEWS

Bank of America, one of the leading banks in the country, is planning to bring about many more changes in terms of its fee structure. As per the reports from Wall Street Journal, the bank intends to increase the various fees on cards, unless customers agree to do more business with them. Though the bank [...]

Credit card companies have been in the spotlight over the last few months. While the onset of recession saw these lenders go into hibernation, they are now back with a bang with the economy showing signs of recovery. There are cards that offer various deals to customers today with each one targeting a specific segment. [...]

Just a few days ago, the Bank of America was in news because of their announcement to implement a $59 annual fee on a few of credit cards accounts. This move seemed to be defy the CARD Act. However, now the bank is in news for something totally opposite. Over a million card holders who [...]

Just when all the banks were beginning to think that they were at the receiving end of all things bad, JP Morgan has some good news to share. The Supreme Court of the United States ruled in favor of banks that were being sued for increasing their interest rates, without prior notice to customers who [...]

Credit card issuers haven’t become the massive profit making machines that they are overnight. They constantly keep coming up with new kinds of rules and new types of fees. It isn’t very long since the Credit Card Accountability Responsibility and Disclosure Act was passed. But credit card issuers have already started coming up with many [...]

The CARD Act and its new regulations haven’t affected the card companies as they continue to churn out profits as they find new and innovative ways to fleece customers with extra charges by using various terminologies that the common man cannot understand. Card companies have worked out ways to charge their clients extra in order [...]

The customer isn`t always king. Sometimes he`s just a pawn.
We have heard this enough and more – the customer is king. However this is not always the case with credit cards. Especially when it comes to the continuous battle between banks about swipe fees when using plastic, there is a huge conflict that is unresolved.
Both [...]

The customer is not necessarily the king all the time and sometimes he or she is just a pawn. The disagreement over the so called fees for swipe between credit card issuers and merchants is now hitting the peak. Both sides, the merchants and the credit card customers insist that they are on the customers` [...]