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News Library - February, 2002

Card Crams February, 28, 2002

It's bad enough getting a telemarketing call from your credit card company just as you sit down to a nice, hot, steak dinner. However what really drives you nuts is being charged for products and services offered by the telemarketers, that you did not ... more

Fraud Alerts February, 27, 2002

Consumers are getting access to more weapons to fight credit card fraud. Online access to current account information is a big plus, but before long, cardholders may receive notices of suspicious card activity via their mobile phone or PDA. more

TV Applications February, 26, 2002

Australians are doing it, and you may be able to do it in the USA soon. MasterCard and Australian telecommunications giant Optus created an ad campaign using a two-way TV platform that enabled viewers to click on a MasterCard TV commercial to enter a ... more

Card Scam February, 25, 2002

The Federal Trade Commission has reached court settlements with two companies for allegedly telemarketing worthless credit card protection insurance to consumers nationwide. Stemming from a complaint brought in the FTC's "Operation Protection Deception" law ... more

Debt Crunch February, 22, 2002

About three-fourths of Americans say credit card debts are making their home lives unhappy as 45% have a debt-to-income ratio of 50% or more. Also 57% of adults are tightening their purse strings, with 66% willing to take a second job, and more than 70% ... more

State Deadbeats February, 20, 2002

More than one out of ten personal bankruptcy filings were made last year by Californians, but the rate of increase is only 40% of the national average. Meanwhile, Ohio has emerged as one of the most populous states with the largest increase in consumer ... more

Merchant Alert February, 19, 2002

The Federal Trade Commission shut-down a Texas firm that allegedly engaged in unfair and deceptive practices related to the marketing of payment card merchant accounts to small businesses nationwide. In its complaint, the FTC stated that Certified Merchant ... more

Card Commando February, 15, 2002

What does it take to slay the competition on the credit card issuer playing field? For starters you'll need to cough up more than $1.1 billion in annual marketing expenses. You will also need state-of-the-art information technology capable of harvesting ... more

More $35 Fees February, 14, 2002

The march to move late fees above $29 picked up more steam this week as the nation's foremost, super-prime credit card specialist has decided to hike late fees to $35. MBNA is going one step further by also jacking-up over-limit fees to $35. more

NextCard Folds February, 13, 2002

One of the most progressive credit cards ever launched bit the dust this week. San Francisco-based NextCard, the first Internet-centric VISA card, started unraveling in October when banking regulators questioned the way the issuer classified certain losses. more

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