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News Library - October, 1998

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Scary Halloween Figures October, 30, 1998

Ghosts, ghouls and goblins will cost the American consumer over $5 billion this year. The Halloween Association (THA) reports that we will spend $1.76 billion on candy, $1-$1.5 billion on costumes, and $2.5 billion on other related items. more

CREDCO VIOLATIONS October, 29, 1998

CREDCO, a division of First American Real Estate Solutions (FARES) has been charged with violating the Fair Credit Reporting Act (FRCA). Among the charges brought by the Federal Trade Commission (FTC), which FARES has agreed to settle, is failing to ... more

OPERATION ERASER October, 29, 1998

The Federal Trade Commission (FTC) has brought charges against the New Jersey-based National Credit Management Group (NCMG) as part of “Operation Eraser”, a federal-state crackdown on fraudulent credit repair firms. Also charged with violating the FTC Act and ... more

Scams and Schemes October, 29, 1998

The best defense is being well-informed. That’s the approach AT&T is taking in its second round of warnings to consumers about communications scams in the home. Con artists are getting more and more creative, and consumers must be increasingly alert. more

Bio Corn Card October, 28, 1998

An environmentally-friendly credit card? The newest breakthrough in the manufacture of credit cards is a resin called MAZIN, a biodegradable substance that includes corn by-products. more

Save The Children Card October, 20, 1998

First USA and the international relief and development organization Save the Children rolled-out the 'Save the Children Platinum MasterCard' Monday. The affinity program will generate donations for the non-profit organization based on charge volume. more

Free Shipping October, 16, 1998

A national survey conducted by First USA found that 88% of Americans would do more shopping by catalog if they could obtain free shipping and handling. This year Americans get their wish. more

Toys "R" Us VISA Upgraded October, 15, 1998

Chase Manhattan Bank and Toys"R"Us have enhanced the rebate structure of the Toys"R"Us Visa Card from Chase, making the card even more rewarding. Beginning in October, cardmembers of the Toys"R"Us Visa Card from Chase will earn a 4% rebate, up from 3%, each ... more

Chase Lenscard October, 15, 1998

Chase Manhattan Bank also announced the launch of the first credit card designed to help users make sense of the fine print -- The Chase LensCard. The LensCard has a built-in magnifying lens to make small print easier to read. more

Antitrust October, 8, 1998

The U.S. Department of Justice filed an antitrust lawsuit against VISA and MasterCard yesterday alleging that the card associations have engaged in anti-competitive practices by cooperating with each other rather than competing with each other. The DOJ says ... more
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