Read More Discover Vs. Visa

Discover Vs. Visa

Have you ever wondered if there’s really a big difference between Visa and Discover? You’ll notice both companies’ logos on the front of credit cards and at cash registers around the world — but what sets them apart? In this review we’ll dive into the history of both companies, the benefits associated with credit cards […]

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Read More CFPB Releases Second Report on The CARD Act

CFPB Releases Second Report on The CARD Act

The Consumer Financial Protection Bureau (CFPB) has issued a second, 300-page, comprehensive report on the CARD Act of 2009. Much of the focus is on credit card transparency, debt collection practices, plastic that postpones interest payments with special incentives, and the increasingly popular category of cards that offer rewards programs. The CFPB is required to […]

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Read More CFPB Warns Companies About Automatic Debits

CFPB Warns Companies About Automatic Debits

The CFPB recently issued a reminder to companies about their legal responsibility to get customer approval before taking out an automatic debit. The release comes after the CFPB reviewed financial companies and found that some aren’t being completely transparent on the amount and timing of payments before setting up auto-withdrawal. Many consumers have also expressed […]

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Read More Protecting Your Credit While You Are Deployed

Protecting Your Credit While You Are Deployed

If you’re in the Armed Services, your lifestyle is dramatically different than that of most Americans. On a moment’s notice, you could be ordered to deploy anywhere in the world, and sometimes you may need to uproot your family. Those kinds of sacrifices can put you in harm’s way, and they can also put an […]

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Read More Credit Reporting Complaints Rise Sharply According to CFPB Report

Credit Reporting Complaints Rise Sharply According to CFPB Report

The “big three” credit reporting companies (Equifax, Experian, and TransUnion) maintain credit files on more than 200 million Americans. In August, the Consumer Financial Protection Bureau issued a monthly report showing a rather significant increase in consumer complaints about their credit reports. Americans are also complaining more about issues related to their credit cards, student […]

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Read More Payday Loans May Attract Attention from Hackers

Payday Loans May Attract Attention from Hackers

Payday lenders are known for making fast, short-term, high-interest loans to consumers, even if those borrowers have bad credit. But the Payday lending industry has recently been making headlines as it has come under increased scrutiny from the Consumer Financial Protection Bureau. Payday lenders, particularly those that operate from online platforms, are also getting a lot of […]

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Read More Does My Credit Card Work with Apple Pay?

Does My Credit Card Work with Apple Pay?

Apple Pay uses near field communication systems, or NFC, to process payments without actual physical contact between the user’s card and a payment terminal. Instead, the smartphone app allows consumers to store their credit card information on their mobile device and complete transactions by hovering or tapping their phone over a payment terminal. Along with […]

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