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The Credit Card Act of 2009 was put in place to address issues consumers were having with excessive interest charges, among other things, and to help the consumer get off the credit card highway. With fees and interest charges, the credit card companies were earning billions of dollars a year while the average consumer was not able to reduce the principal balance on their credit cards.
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Credit Cards In The News
Square Inc. unveiled a device that competes with old-school keypad-based credit-card machines, part of the payment company's broader effort to attract new merchants. The product, called Square Termina...
Published: Thu, 18 Oct 2018 10:02:00 GMT
What is a credit limit and how is it determined A credit limit is the maximum amount of credit you're allowed, and it is determined by a financial institution (bank, credit union, retailer, etc ...
Published: Thu, 18 Oct 2018 09:36:00 GMT
Retailers like Kohl's entice shoppers to sign up for their store credit cards with attractive offers. But consumers should know what they're getting into. Next time the cashier at the checkout counter ...
Published: Thu, 18 Oct 2018 11:17:00 GMT
If you're like most Americans, you have at least one rewards credit card that let you earn points toward everything from gas and retail purchases to travel. But what, you might be thinking right now, ...
Published: Fri, 19 Oct 2018 04:08:00 GMT
Square on Thursday unveiled Terminal, its new touchscreen alternative to legacy, keypad credit card machines. Terminal is described as an all-in-one card processing device, meaning that it accept phys...
Published: Thu, 18 Oct 2018 10:52:00 GMT
Oct 19 (Reuters) - Sub-prime lender Provident Financial said on Friday its credit card business was on track to deliver full-year profits in line with an internal plan as it continues to rebuild its b...
Published: Fri, 19 Oct 2018 01:30:00 GMT
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