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News Library - February, 2008

Fraud Complaints February, 14, 2008

A new report states that credit card fraud was the most common form of reported identity theft at 23%, followed by utilities fraud at 18%, employment fraud at 14%, and bank fraud at 13%. The Federal Trade Commission annual list of top consumer fraud ... more

Sheraton Deal February, 13, 2008

Use a MasterCard to book a stay at the Sheraton and you'll be eligible for a free night. MasterCard cardholders who pay using their MasterCard card and spend two consecutive nights at participating Sheraton hotels will get a third consecutive night free. more

Free Fraud Reports February, 12, 2008

Equifax has launched a free, online fraud alert product for consumers who believe their personal information has landed in the hands of an identity thief. Consumers now can request online an initial 90-day fraud alert and active duty military alerts. more

Dec Debt February, 11, 2008

Consumer revolving credit slowed somewhat in December as Americans tacked on $2.1 billion in net new debt, mostly credit card debt, compared to the prior month. In November consumers added $10.7 billion and in October revolving credit expanded by $8.6 ... more

Spending Pulse February, 8, 2008

The Discover "U.S. Spending Monitor" recorded its third consecutive monthly decline this month, falling more than four points to 86. Both the economic and spending components of the index reached new lows in January as just over 70% of consumers now think the ... more

Debt Disease February, 7, 2008

A new video contest has been launched offering a top prize of $5,000 for the best student-made public service announcement regarding credit cards. The Service Employees International Union and the League of Young Voters are running the "Keep It In Your Pants" ... more

Zwinky Cards February, 6, 2008

Avatars arise as the "Zwinky Gift Card" hits the market. The new card is currently available at Target in $10, $15, and $25 increments and are redeemed at Zwinky.com for virtual items sold in Zwinky, including brand-name shoes, a virtual dorm room, and a huge ... more

Sam's Checks February, 5, 2008

More than $100 million is in the pipeline for cardholders of "Sam's Club Discover" cards. The annual reward checks will arrive during February. Sam's Club "Business Members" will receive $66 million, a 28% gain over last year's reward total, and "Advantage ... more