‘On March 10, the U.S. Senate passed the Bankruptcy Abuse Prevention and Consumer Protection Act. It would be a cause for celebration if the legislation really did prevent bankruptcy abuse and protect consumers.
What it will do, according to the American Bankruptcy Institute, is disqualify between 30,000 and 210,000 people who dissolve their debts in bankruptcy […]
‘Major credit card companies will no longer handle Internet sales of cigarettes under a nationwide agreement announced Thursday.
The move is aimed at illegal dealers that are trying to avoid sales taxes or sell to underage customers.
The thriving trade of Internet tobacco undercuts local businesses that sell cigarettes and often avoids sales tax for states and […]
‘Credits cards are not bad. Or good. But they can be used the right way or the wrong way.
That’s how one business teacher explains the concept to students at Ottumwa High School.
“It’s a double-edged sword,” said OHS Marketing Coordinator Mike Cardin. “The ownership is on them.”
By “them” he means every Ottumwa teen who gets a […]
‘People with poor credit histories are being offered credit cards with interest charges of up to 69.9%.
Card provider Vanquis, part of Provident Financial, is marketing the cards “for people on moderate incomes”.
It said people should not be excluded from using a credit card because of past debt problems.
There is increasing concern about the proliferation of […]
‘Banks can no longer afford to finance 0% credit card offers, according to a new report, as the deals are costing £1bn a year in lost revenue.
One self-confessed rate tart explains how he has made the most of cheap credit, by switching frequently between deals:
I would definitely class myself as a “rate tart”. I have […]
‘Washington’s new bankruptcy bill isn’t perfect.
But for the credit card companies, it still looks like the best law money can buy.
According to the Center for Responsive Politics, a nonprofit organization that tracks money in political campaigns, card companies and other lenders spent $7.8 million on […]
‘Koreans will be prohibited from using credit cards in overseas casinos from next week, the Financial Supervisory Service (FSS) said.
“We will not tolerate any credit card use for gambling abroad. As gambling is unlawful in Korea, we are going to apply that same no-tolerance policy overseas,“ Park Chang-sup, FSS director of the loan business supervision […]
‘Don’t have enough cash to pay your tax bill? You could charge it.
Under the correct circumstances — if you have the right type of credit card and never carry a balance from month to month — charging your tax bill can pay off.
“There are a few scenarios where it could make sense,” says Robert McKinley, […]
‘Auckland software firm GlobalPro International is renaming itself as X3 Corporation with the release of its latest expense management software, X3.
X3 lets employees create expense reports directly from credit cards, automatically filing them for approval and merging the data into the general ledger.
General manager Grant Fleury says the product can save a company money by […]
‘Visa International is experimenting with credit cards that include a small display screen where customers could view recent transactions, bank balances, or local currency exchange rates, says Deborah Arnold, Visa’s vice president of global consumer strategies.
About 10 percent of Visa’s 1.2 billion credit and debit cards in use worldwide already have a built-in computer chip, […]