Keyword: creditcard

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  • Movie for a Sunday afternoon: "The Man From The Diner's Club"(1963)

    03/22/2015 11:14:20 AM PDT · by ReformationFan · 18 replies
    Daily Motion ^ | 1963 | Frank Tashlin
  • Credit card sign up enticements

    11/15/2014 11:44:06 AM PST · by 1raider1 · 18 replies
    November 15, 2014 | 1raider1
    Has anyone out there ever gotten those credit card offers where they want to give you money (sometimes $400.00) to use their card?
  • Barack Obama Had His Credit Card Declined At A Fancy New York Restaurant

    10/18/2014 4:26:46 PM PDT · by lbryce · 25 replies
    Buzzfeed ^ | October 18, 2014 | Rachel Zarell
    While dining at an upscale restaurant in New York last month, President Barack Obama said he had his credit card declined. “It turned out I guess I don’t use it enough,” Obama said while speaking to workers at the Consumer Financial Protection Bureau. “They thought there was some fraud going on.” The president added, “I guess I don’t use it enough, so they thought there was some fraud going on. Luckily, Michelle had hers.” The comments were made as the president announced new protections for debit cards used to deliver federal benefits, according to the BBC. Obama and the first...
  • Home Depot (HD) Hack Could Be Biggest Card Breach Ever

    09/10/2014 6:39:06 AM PDT · by KeyLargo · 31 replies
    ABC News ^ | Sep 9, 2014 | Richard Davies
    By Richard Davies @daviesnow Sep 9, 2014 9:03am Home Depot (HD) Hack Could Be Biggest Card Breach Ever Morning Money Memo: The huge hacking attack against Home Depot’s payment systems could turn out to be the biggest breach of any retailer’s data so far. The company confirmed the data break-in but did not say how many credit and data cards are affected. The total could be as much as 60 million, according to several experts. That would be far more than the total number of cardholders impacted by the breach at Target stores. There is no evidence that any debit...
  • Haven’t paid a credit card for 6 months? [troll aka “foolynyah” zotted]

    06/15/2014 12:50:54 AM PDT · by pansgold · 259 replies
    VI / XV / MMXIV | pansgold
    This advice is worth what you paid for it. You see, after 90 days of not paying on a credit card, the bank charges it off and sells the debt along with hundreds or thousands of others to a collection agency for 1/100th of the value of the original debt. The debt buyer then tries to collect from the debtor and they keep all the money they can collect. They will take you to court and try and garnish your wages for 6 to 8 or 12 years. That’s when you ask the court to force the new debt holder...
  • Bank of America Alert Phishing Scam

    04/26/2014 2:30:37 PM PDT · by afraidfortherepublic · 38 replies
    vanity | 4-26-14 | self
    I received the following email from Bank of America this afternoon: Dear valued customer, During our usual security enhancement protocol, we observed multiple login attempt error while login in to your online banking account. We have believed that someone other than you is trying to access your account for security reasons, we have temporarily suspend your account and your access to online banking and will be restricted if you fail to update. Click here to start the confirmation process Please Note: Always look for your Security Image and Phrase® before entering your Password. Remember, Bank of America is committed to...
  • Who’s Behind the ‘BLS Weblearn’ Credit Card Scam?

    04/09/2014 9:23:48 AM PDT · by topher · 2 replies ^ | 31 March 2014 | Brian Krebs
    A new rash of credit and debit card scams involving bogus sub-$15 charges and attributed to a company called “BLS Weblearn” is part of a prolific international scheme designed to fleece unwary consumers. This post delves deeper into the history and identity of the credit card processing network that has been enabling this type of activity for years. At issue are a rash of phony charges levied against countless consumers for odd amounts — such as $10.37, or $12.96. When they appear on your statement, the charges generally reference a company in St. Julians, Malta such as BLS*Weblearn or PLI*Weblearn,...
  • Target, Neiman Marcus and other security breaches: organized crime?

    02/25/2014 6:43:39 AM PST · by afraidfortherepublic · 3 replies
    CBS News ^ | 2-25-14 | Sharyl Attkisson
    Last December, Target announced up to 40 million credit cards and debit accounts may have been stolen in a sophisticated cyber theft intrusion of the corporate computer system; since then, other retailers have reported break-ins with similar hallmarks. Could this be the work of organized criminals? “There is certainly a real element of sophistication here,” said Michael Sutton, a cyber security expert with Zscaler who's monitoring the Target case. “There would have needed to be some reconnaissance up front to understand the network that was being targeted, the hardware and software that they were going after. They would have had...
  • Pa. vendor confirms link to Target data probe

    02/07/2014 6:28:09 AM PST · by bgill · 3 replies
    AP ^ | Feb. 7, 2014 | AP
    A western Pennsylvania heating and refrigeration contractor said it was the victim of a "sophisticated cyberattack operation" that is being investigated by the Secret Service and possibly linked to the data breach that enabled hackers to access millions of credit card numbers belonging to Target store customers. Fazio Mechanical Services Inc., of Sharpsburg, issued the statement after Internet security bloggers identified it as the third-party vendor through which hackers accessed Target's customer information. Target had previously told reporters the store believed hackers accessed 40 million of its customers' card numbers through a vendor's system.
  • Target Stores security breach just the tip of the iceberg

    01/12/2014 6:57:08 AM PST · by SeekAndFind · 40 replies
    American Thinker ^ | 01/12/2014 | Rick Moran
    Target has increased the estimate for the number of customers exposed in the massive hacking attack between Thanksgiving and December 14. It now appears at least 70 million consumers had their credit cards compromised. Also, Neiman-Marcus announced that they, too, were victims of a cyber attack over Christmas. And in an exclusive report, Reuters is saying that several other well known retailers were also hacked over the holidays. Neiman Marcus said an outside forensics firm discovered evidence on January 1 that indicated the retailer had been the victim of a cyber attack. It disclosed the breach nine days later, after...
  • Credit card hackers hit Neiman Marcus

    01/10/2014 6:10:48 PM PST · by sheikdetailfeather · 13 replies
    cnet ^ | January 10, 2014 | Seth Rosenblatt
    Credit card hackers might be developing a taste for the finer things in life. Upscale department store Neiman Marcus confirmed that its database of customer information was hacked last month, independent security researcher Brian Krebs reported on Friday. The Neiman Marcus hack follows news today from Target that its investigation into its recent hack found that thieves made off with the personal and credit card data of up to 110 million Target customers, 70 million more than previously thought.
  • Target holiday cyber breach hits 40 million payment cards

    12/18/2013 7:38:18 PM PST · by afraidfortherepublic · 35 replies
    Payment card data was stolen from an unknown number of Target Corp customers starting on the busy Black Friday weekend in a major breach at the U.S. retailer, according to a person familiar with the matter. The Secret Service is investigating, according to a spokesman for the agency, which safeguards the nation's payment systems. Target officials did not respond to requests for comment. Investigators believe the data was obtained via software installed on machines that customers use to swipe magnetic strips on their cards when paying for merchandise at Target stores, according to the person who was not authorized to...
  • My second VANITY of the day: Android add for credit cards that isn't Square?

    09/30/2013 4:17:40 PM PDT · by OKSooner · 14 replies
    Self | 9-30-2013 | Self
    I need to accept credit cards with my Android phone. Don't want to use Square because they discriminate against firearms and ammunition purchases. I need to know what alternative apps are available. Open to suggestion...
  • Debit/Credit card question

    08/31/2013 6:21:15 PM PDT · by Maine Mariner · 87 replies
    I am getting ready to write a letter to the Attorney General of Maine asking his office to investigate how companies put hold on debit/credit cards. During a recent trip we used a prepaid AAA debit card; we purchased gasoline for $29.00 and paid at the pump. After our purchase we checked our statement and the company put a hold of $75.00 on the card. We have a receipt for $29.00. A couple of days later the $75.00 dropped off and our card was debited for the actual amount of the purchase. I understand a company can put a hold...
  • East Bay Woman Accused Of Credit Card Fraud After Restaurant Mix Up

    08/13/2013 7:43:10 AM PDT · by afraidfortherepublic · 24 replies
    CBS News ^ | 8-13-13
    NEWARK (CBS SF) — A woman who dined at a Newark seafood restaurant on her birthday and was handed the wrong credit card by the waitress at the end of her meal was arrested after she took the card and headed to a nearby mall on Sunday evening, police said. Jheline Demesa, 22, of San Leandro, ate dinner at Ray’s Crab Shack at 5989 Mowry Ave., where the waitress mistakenly gave her a credit card from an adjacent table, police said. Instead of returning the card, Demesa allegedly left the restaurant with it, police said. The real cardholder tried to...
  • Multiple Government Agencies Are Keeping Records Of Your Credit Card Transactions

    06/29/2013 5:09:48 AM PDT · by SeekAndFind · 30 replies
    TEC ^ | 06/28/2013 | Michael Snyder
    Were you under the impression that your credit card transactions are private? If so, I am sorry to burst your bubble. As you will see below, there are actually multiple government agencies that are gathering and storing records of your credit card transactions. And in turn, those government agencies share that information with other government agencies that want it. So if you are making a purchase that you don't want anyone to know about, don't use a credit card. This is one of the reasons why the government hates cash so much. It is just so hard to track. In...
  • Vanity: I've been the victim of credit card fraud

    06/13/2013 12:06:12 PM PDT · by Theo · 74 replies
    Self | June 13, 2013 | Theo
    I received an email and text from Discover Card this morning, saying that I might be the victim of credit card fraud. I gave them a call, and learned that someone had charged over $10,000 worth of items over the past two days, at local stores: Walmart, Office Max, Publix, Macy's, and so on. My wife bought two shirts for me on Tuesday from Macy's, using her Discover Card, and within a few hours someone had somehow physically re-created the card and was using it all around town. Discover is not holding us accountable for the charges, and will reimburse...
  • Gov’t workers rack up $29 billion in credit card charges

    06/05/2013 10:18:22 AM PDT · by kimtom · 20 replies ^ | 6/5/2013 | MD Kittle
    (article photo) MADISON — There was, arguably, an important overlooked point in an audit last week that showed the Internal Revenue Services’ “lack of aggressive steps” in addressing misuse of government-issued credit cards IRS employees use when traveling. Almost a side note in the report by the Treasury Inspector General for Tax Administration was the fact that in fiscal 2011 the IRS travel card program had issued about 52,000 individually billed travel card accounts. That’s more than one card for every two IRS employees, a workforce that totaled 97,717 staffers at the end of 2012. The first question: Why does...
  • IRS Secretary Arrested for Racking Up $8,515 of Personal Items on Agency Credit Card

    05/24/2013 4:31:45 AM PDT · by TurboZamboni · 29 replies
    Godfather Politics ^ | 5-23-13 | dave jolly
    In the latest news rising out of the ashes of what once were the pristine halls of the IRS, a secretary has been arrested and charged with a felony for using an IRS issued credit card for personal items. Yetunde Oseni, 37 started working as a secretary in the Lanham, Maryland office of the IRS in 2000. In 2009, she was issued a Citibank MasterCard to be used for the purchasing of office supplies. It appears that Oseni decided that she could use her IRS MasterCard to purchase personal items off the internet, mostly at When asked for the...
  • Alabama Men Arrested on Terrorism Charges

    12/11/2012 6:39:50 PM PST · by Cindy · 10 replies
    NOTE The following text is a quote: Alabama Men Arrested on Terrorism Charges U.S. Attorney’s Office December 11, 2012 Southern District of Alabama MOBILE, AL—U.S. Attorney Kenyen R. Brown of the Southern District of Alabama and Stephen E. Richardson, Special Agent in Charge of the Mobile Division of the FBI, announced that Mohammad Abdul Rahman Abukhdair, 25, and Randy Wilson, also known as Rasheed Wilson, 25, both U.S. citizens living in Mobile, were arrested today on terrorism charges filed in the Southern District of Alabama. A criminal complaint signed on December 10, 2012, charges Abukhdair and Wilson with conspiring to...
  • Complaints About Automated Calls Up Sharply

    09/21/2012 4:01:38 PM PDT · by Livin_large · 28 replies
    Chicago Tribune ^ | September 17, 2012 | Associated Press
    So much for silence from telemarketers at the cherished dinner hour, or any other hour of the day. Complaints to the government are up sharply about unwanted phone solicitations, raising questions about how well the federal "do-not-call" registry is working. The biggest category of complaint: those annoying prerecorded pitches called robocalls that hawk everything from lower credit card interest rates to new windows for your home. Robert Madison, 43, of Shawnee, Kan., says he gets automated calls almost daily from "Ann, with credit services," offering to lower his interest rates.... The agency said this month that it was mailing refund...
  • Man sues strip club over $50,000 credit card bill

    07/08/2012 6:46:50 AM PDT · by ConservativeStatement · 33 replies
    The Tampa Tribune ^ | July 7, 2012 | JOSÉ PATIÑO GIRONA
    TAMPA -- A man enters a Clearwater strip club. He leaves three hours later thinking he's spent $600. A few days later he checks his credit card account and learns he was charged $50,000. There's no punchline or joke. That's what Lokesh Simon James said happened to him after a March night spent at the Bliss Cabaret, 3860 Ulmerton Road.
  • Credit Card Debt Nears Toxic Levels

    02/27/2012 6:49:58 AM PST · by upchuck · 50 replies · 1+ views ^ | February 26, 2012
    <p>More American households are falling back into the debt hole, this time without the safety net of home values to help bail them out, the New York Post reported Sunday.</p> <p>Last year, total US consumer debt reached its highest point in a decade, according to a credit card industry observer.</p>
  • Charleston Police asking for assistance in identifying suspects

    The Charleston Police Department is asking for help in identifying two suspects that used a stolen credit card throughout the city. Two black female suspects had used the card back on Nov. 7 and were captured on video surveillance but cannot identify them. Some pictures from police have been attached to this story and if you have any information you can contact them at 304-348-6480.
  • San Antonio break-in sparks FBI involvement: police [ Moroccans ]

    10/19/2011 11:33:55 AM PDT · by NoLibZone · 30 replies · 1+ views ^ | Oct 19 2011 | Reuters
    Five foreign men were arrested during a courthouse break-in early on Wednesday and police said they found photographs of public buildings, water systems and malls from various U.S. cities in their van. The men, at least three of whom were in their 20s, will be questioned by a joint terrorism task force including the FBI and immigration authorities, officials said. Bexar County spokeswoman Laura Jesse said three men were found inside the 120-year-old Bexar County Courthouse, a landmark in downtown San Antonio and two in a large recreational vehicle parked in front of the building. She said all five were...
  • George Soros sued by ex-girlfriend for reneging on real estate promise

    08/11/2011 12:53:38 AM PDT · by Justaham · 71 replies ^ | 8-11-11 | Emily Smith
    A beautiful Brazilian soap star has the lead role in her own daytime drama, which casts George Soros, the billionaire financier of lefty causes, as a heavy who not only broke her heart, but also reneged on a promise to give her an Upper East Side apartment worth $1.9 million. The drama will be staged in Manhattan Supreme Court, where 28-year-old Adriana Ferreyr yesterday filed a blockbuster $50 million suit charging, among other things, that the frisky octogenarian slapped her around while they were in bed discussing his real-estate betrayal. The sultry actress and the mogul, who's worth some $14.5...
  • Three indicted in Knoxville in Credit Card Scam

    06/02/2011 11:58:20 AM PDT · by TennesseeGirl · 12 replies · 1+ views
    WATE ^ | 06/02/2011 | AP
    <p>KNOXVILLE (AP) - A University of Georgia graduate assistant and a Baton Rouge, La., waitress have been indicted by a federal grand jury in Knoxville in a scam to steal debit and credit card information from restaurant customers.</p> <p>Waitress Shena Everett was in court Wednesday in Knoxville on a charge of conspiracy to commit access device fraud.</p>
  • Congratulations! You’re in Debt (America's Total Student Debt Just Surpassed Credit Card Debt)

    05/20/2011 6:24:50 AM PDT · by SeekAndFind · 28 replies
    National Review ^ | 05/20/2011 | Rich Lowry
    Amid all the uplifting clichés at their commencement ceremonies, graduating college students won’t hear a line applicable to some of them — you got ripped off. Student debt just surpassed the country’s credit-card debt for the first time. It is projected to top $1 trillion this year, according to the New York Times, when it was less than $200 billion in 2000. For the class of 2011, the mean student-debt burden is nearly $23,000, up 8 percent from a year ago. There’s no doubt that graduating from college brings a significant economic advantage, but that doesn’t excuse the waste and...
  • Man pays off credit card with pennies

    03/17/2011 7:49:02 AM PDT · by JoeProBono · 70 replies
    upi ^ | March. 16, 2011
    MIRA MESA, Calif.- A California man upset with his bank for disallowing his requested refinance said he decided to pay off his $6,500 credit card bill entirely with pennies. Thierry Cahez of San Diego County rolled 650,000 pennies in plastic, loaded them into crates and drove the lot to his Mira Mesa bank, KABC-TV, Los Angeles, reported. Cahez was turned away by the bank several times but eventually was sent to a branch with a vault large enough to handle the coins. Cahez said he opted to pay his credit card bill with pennies because he was turned down for...
  • Retirement Planning Advice for My 20-Something Son

    02/24/2011 9:55:30 PM PST · by BenLurkin · 47 replies
    cbs ^ | Friday, February 25, 2011 | Steve Vernon
    Establish smart spending habits. Live like you're poor. How do you do that? Drive your cars into the ground, don't eat out very much, avoid expensive and potentially unhealthy processed foods, buy food in bulk, buy just enough clothes to fit your needs, and use public transportation. ... Use credit cards only as a convenience to avoid carrying cash; limit your credit card spending so that you can easily pay off the balance each month. Make every dollar count with your spending, so you can free up money to invest in the future. Get healthy. One of the best things...
  • 59.9 Percent? Americans Are Racking Up Huge Credit Card Balances Once Again

    02/08/2011 12:59:25 PM PST · by SeekAndFind · 68 replies
    The Economic Collapse ^ | 02/08/2011 | Michael Snyder
    Well, it was nice while it lasted. One of the really good things that came out of the recent economic downturn was that millions of American families decided to get out of debt. In particular, we had seen a sustained trend of reduced credit card usage in the United States. It looked like Americans had finally wised up. But we should have known that Americans would not be willing to tighten their belts forever. Unfortunately, it appears that getting out of debt is no longer so "trendy". In fact, the month of December was the third month in a row...
  • Squandering Stuff With The Official Credit Card of the Obama Administration

    11/01/2010 8:50:06 PM PDT · by The Looking Spoon · 1 replies
    The Looking Spoon ^ | 11-1-10 | Jared H. McAndersen
    ----------------------------------------------------See more posts and art at The Looking Spoon (
  • Are the Poor Subsidizing the Rich via Credit Card Rewards? Don't Be So Sure

    08/27/2010 7:39:33 AM PDT · by SeekAndFind · 17 replies
    American Thinker ^ | 08/27/2010 | Tim Chen
    Do credit card reward systems subsidize the rich at the expense of the poor? There has been a lot of press over the last week about a new research report out of the Boston Federal Reserve that claims that credit card payments are a form of regressive wealth transfer, taking money from the poor in the form of higher prices and giving to the rich in the form of credit card rewards. But before we all start crying foul and cutting up our credit cards, let's put down our pitchforks, take a deep breath, and think about this. It's...
  • Student Loan Debt ($830 BILLION) Overtakes Credit Card Debt ($825 BILLION)

    08/20/2010 8:37:55 PM PDT · by Libloather · 36 replies
    Fox Providence ^ | 8/17/10 | Peter Kerwin
    Student loans overtakes credit debtBy Peter Kerwin of RIHEAA Updated: Tuesday, 17 Aug 2010, 10:11 AM EDT (FOX Providence) - A surprising series of reports from the Federal Reserve Bank and an expert who tracks student loan debt suggest came out last week. These reports suggest that for the first time, student loan debt in the United States is actually greater than credit card debt. Here to talk about this development and what it means for students is Peter Kerwin from the Rhode Island Higher Education Assistance Authority . We’ve heard a lot of talk about the staggering levels of...
  • INTERNATIONAL HACKER ARRAIGNED AFTER EXTRADITION Elaborate Scheme Stole over $9.4 Million...

    08/07/2010 4:01:49 PM PDT · by Cindy · 4 replies
    NOTE The following text SNIPPET is a quote: International Hacker Arraigned After Extradition Elaborate Scheme Stole over $9.4 Million from Credit Card Processor ATLANTA, GA—SERGEI TŠURIKOV, 26, of Tallinn, Estonia, has been extradited to the United States. TŠURIKOV appeared today and was arraigned before United States Magistrate Judge E. Clayton Scofield III, on federal charges of conspiracy to commit wire fraud, wire fraud, conspiracy to commit computer fraud, computer fraud, and aggravated identity theft. TŠURIKOV was indicted by a federal grand jury on these charges on November 10, 2010, along with VIKTOR PLESHCHUK, 29, of St. Petersburg, Russia; OLEG COVELIN,...
  • The Official Credit Card of the Obama Administration

    06/02/2010 8:51:58 PM PDT · by The Looking Spoon · 6 replies · 507+ views
    The Looking Spoon ^ | 6-2-2010 | Jared H. McAndersen
    Click to see the larger version The Looking Spoon is a conservative humor/satire/art/commentary blog, visit to see more posts and art
  • No Miles for You

    05/16/2010 8:45:33 AM PDT · by Shout Bits · 11 replies · 491+ views
    Shout Bits Blog ^ | 05/16/2010 | Shout Bits
    This week the US Senate voted to outlaw earning frequent flyer miles from credit card transactions. Of course Sen. Durbin, the amendment’s sponsor, would not put it that way. Durbin rather said that by capping the fees charged to retailers, small businesses would benefit. Sadly, Durbin is wrong on both counts; his proposed law would outlaw frequent flyer miles and harm small business. . . .
  • Crist, Rubio, and Credit Cards (Both Florida GOP candidates tarred by the credit-card scandal)

    04/22/2010 9:04:15 AM PDT · by SeekAndFind · 20 replies · 573+ views
    National Review ^ | 04/22/2010 | Robert Costa
    Gov. Charlie Crist has been pushing an investigation of the Florida GOP credit-card mess. It may end up working as well as the rest of his campaign tacks — in other words, it may backfire. Since February, Crist has flogged Marco Rubio, his opponent in Florida’s GOP Senate primary, for charging more than $100,000, including thousands in personal expenses, on party-issued plastic. Press conferences, web ads, television debates — Crist talked about it everywhere. Then, earlier this month, he went a step farther, calling on the U.S. Attorney in Tallahassee to conduct a “full, independent investigation . . . including...
  • Muslims offered interest-free plastic

    03/31/2010 6:45:15 AM PDT · by Loyalist · 44 replies · 1,264+ views
    National Post ^ | March 31, 2010 | Tim Shufelt
    A new interest-free credit card, the first of its kind in North America, aims to reconcile Islamic canonical law and Western consumer culture. Until now, observant Muslims have been precluded from owning credit cards on which they pay interest, a violation of shariah law. The iFreedom Plus Master-Card, set to be available in the coming days, promises no bills, no interest and no credit card debt. .... With the iFreedom Plus MasterCard, holders load up their card with cash in advance, up to $6,000. Each purchase draws down on the account without accruing interest. .... Because the new product doesn't...
  • Another government "fix" becomes another government failure

    02/23/2010 4:13:26 PM PST · by ToughLove · 6 replies · 287+ views ^ | Feb 23, 2010 | Norvell Rose
    How many times must we learn the painful lesson? What will it take for us to recognize the near-universal rule governing the outcome of any unwieldy Washington-driven "reform" effort? That rule is: When the government attempts a big fix for something, watch out below! Duck and cover! Run for your liberty-loving life! The fix will, in all likelihood, come crashing down around us; even as seemingly oblivious lawmakers continue to pat themselves on the back for a job well done. Such is the sorry case with the so-called credit card reform act of 2009 — all but buried among the...
  • Chase Bank Credit Card - Something Strange, Definitely Terrible Service!!!

    01/06/2010 12:28:16 PM PST · by William Tell 2 · 80 replies · 2,510+ views
    Tremoglie's Tea Time Blog ^ | 1-6-10 | Michael P. Tremoglie
    have a Master Card issued through Chase Bank. Twice in the past week it was denied. I called today to determine why. After contacting the Customer Service Department, I was told I had a past due balance. No problem, said I, I will pay the balance online. The Customer Service Representative said that he could make the payment for me by phone. I declined his offer. I told him I would prefer to do it myself online. The Customer Service Representative repeated his offer and I repeated my refusal. I then went to make the payment online. Only to be...
  • First Premier Bank Charges 80% Credit Card Interest

    12/20/2009 9:21:55 PM PST · by Red Steel · 43 replies · 1,849+ views
    AllGov ^ | Sunday, December 20, 2009 | Noel Brinkerhoff
    For those consumers who want to know what it’s really like to be gouged by a credit card company, check out First Premier Bank. The subprime credit card issuer is experimenting with a new card that hits customers with a 79.9% interest rate. Yes, 79.9%. The card used to come with a 9.9% rate, but now that the government is forbidding excessive fees on credit cards, First Premier is attempting to recoup its money through a different means. Until now, the company levied $256 in fees in the first year for card holders—who received a credit line of just $250....
  • Credit card's newest trick: 79.9 percent interest (and racketeering is illegal?)

    12/17/2009 7:56:50 PM PST · by GOPsterinMA · 33 replies · 1,819+ views ^ | Thursday December 17, 2009 | Candice Choi
    NEW YORK (AP) -- It's no mistake. This credit card's interest rate is 79.9 percent. The bloated APR is how First Premier Bank, a subprime credit card issuer, is skirting new regulations intended to curb abusive practices in the industry. It's a strategy other subprime card issuers could start adopting to get around the new rules.
  • Newest Credit Card Trick? 79.9 Percent Interest

    12/17/2009 1:32:21 PM PST · by Steelfish · 57 replies · 2,067+ views
    APReport ^ | December 17, 2009
    Newest Credit Card Trick? 79.9 Percent Interest First Premier skirting new regulations intended to curb abusive practices NEW YORK - A credit card with an interest rate of 79.9 percent is how First Premier Bank, a subprime credit card issuer, is skirting new regulations intended to curb abusive practices in the industry. That's right. 79.9 percent APR. It's a strategy other subprime card issuers could start adopting to get around the new rules. Typically, the First Premier card comes with a minimum of $256 in fees in the first year for a credit line of $250. Starting in February, however,...
  • Doddling With Your Credit:<p> The Senator from Connecticut and the CARD Act of 2009

    11/25/2009 7:13:26 AM PST · by Dr.Syn · 6 replies · 660+ views ^ | November 25, 2009 | Dan Sargis
    Doddling With Your Credit:The Senator from Connecticut and the CARD Act of 2009 November 25, 2009 The most pestilential quality of Liberals is their ability to: (1) do something in their self-interest; (2) tell you that it is in your self-interest; (3) make the situation galactically worse with their meddling and (4) have the unmitigated gall to tell you that their meddling made it better. And such is the case of Democrat Senator Dodd; his Credit Card Accountability, Responsibility, and Disclosure (CARD) Act of 2009 and your misery. First, let’s deal with the misery. I, like almost all Americans with a credit card, received a...
  • Ex-wife in credit card case heads to court (Ex was guardsman deployed to Afghanistan)

    10/02/2009 1:01:01 PM PDT · by Born Conservative · 6 replies · 739+ views
    Times Leader (Wilkes Barre, PA) ^ | 10/2/09 | Edward Lewis
    KINGSTON – A U.S. serviceman’s ex-wife who is accused of opening a credit card account in his name while he was deployed in Afghanistan recently waived her right to a preliminary hearing. Karen Mary McCann McGill, 31, of Blackman Street, Wilkes-Barre, appeared before District Judge Paul J. Roberts in Kingston on Sept. 23 and waived two counts of access device fraud and a single count of identity theft to Luzerne County Court of Common Pleas. Kingston police Detective Thomas Paratore alleged McCann McGill signed the name of Donald McGill to a Capital One credit card application in May 2008, and...
  • Debtors Revolt Beings Now!

    09/09/2009 7:05:58 AM PDT · by randita · 40 replies · 1,822+ views
    YouTube ^ | 9/9/09 | Rockerchic4God
    A woman ticked off by Bank of America notice raising her interest rates to 30%. Great rant! This needs to go viral.
  • Credit card companies are watching you

    07/08/2009 3:13:08 PM PDT · by JoeProBono · 46 replies · 1,951+ views
    marketplace ^ | July 8, 2009
    With credit card defaults rising, some companies are looking for reasons to cut your plastic. To make these decisions, banks rely on data about what you buy, where, and the company you keep. Stacey Vanek-Smith reports. Not all that long ago credit-card companies were looking for reasons to give us credit. As we all know now, it didn't take much to get a shiny new piece of plastic in your wallet. But with credit-card defaults rising, those companies have started looking for reasons to take some of that credit away. To help them figure out how, banks are compiling thousands...
  • Bill Collectors Using Loophole to Seize Social Security & VA payments

    06/23/2009 1:27:26 PM PDT · by BP2 · 12 replies · 1,234+ views ^ | 6-22-09 | Stephen Ohlemacher
    <p>WASHINGTON (AP) — Bill collectors are exploiting a legal loophole to seize Social Security and veterans' benefits even though federal law is supposed to protect the payments from creditors.</p> <p>Lawmakers from both parties who have been pressing the Treasury Department for years to close the loophole with new regulations are growing impatient. The Obama administration is now promising action but has offered no timetable for developing the new rules.</p>
  • CHART OF THE DAY: Credit Card Loss Rate At All-Time High

    06/20/2009 7:55:19 AM PDT · by FromLori · 16 replies · 995+ views
    And it'll probably go a lot higher. Everyone knows that banks are going to take a bath on their credit card portfolios. The question is: How bad will it get. Not surprisingly, we've alredy reached an all-time high charge-off level, but nobody expects it to peak anytime soon. Bankruptcy filings, meanwhile, are creeping back up, but are still well below the levels seen before the law changed.