Kristie Lorette

First Premier Bank Sues Feds Over High Fees

First Premier Bank, a South Dakota Bank that issues the Premier Bankcard, filed a lawsuit against theBoard of Governors of the Federal Reserve System and the newly-opened Consumer Financial Protection Bureau over an addendum to a 25% cap on first-year fees rule that is scheduled to take effect in October of this year.

New ID Theft Scare: Stealing Postal Boxes

One way that identity thieves get a hold of your information is to steal the mail out of your mailbox.

Fantastic plastic - the facts of life

Credit cards are a fact of life. The first credit voucher was issued in the UK in 1880, when a clothing company issued coupons which could be exchanged in approved shops or when a salesman called at the customer’s home.

Big Five Report: Cap One Credit Cards Lead Company to Profit

Credit cards and its recent diversification strategy are helping Capital One Financial Corp. improve its profile on Wall Street. During its second quarter, the company's revolving credit card balances increased by $200 million.

Credit Score Numbers Reach Four-Year Peak

The average credit score for U.S. consumers rose to a four-year high of 696 in May, according to Equifax, one of the three primary U.S. credit bureaus.

Debit Card Reform Casualty: USAA Bank

USAA Bank, which provides banking services to military personnel and their families worldwide, announced last week that its debit card customers will be adversely affected by the new debit card interchange fees, otherwise known as the new swipe laws.

Some Banks Easing Standards for Credit Cards

According to a survey just released by the Office of the Comptroller of the Currency, some credit card issuers have eased their standards for the first time since 2008 on granting credit card approvals.

Credit Card Companies Negligent on Security

A study just released by Javelin Strategy & Research has found that credit card issuers are dropping the ball when it comes to prevention and detection of fraud.

Walmart Credit Cards Offer Discount on Gas

While gas prices are going through the roof, Walmart is busy “rolling back prices.”

Credit Card Spending Propels Discover to Record Quarter

Discover Financial Services can thank consumers who used their credit cards, which helped them almost double their earnings from the same period last year.

Credit Card Rewards to Be the Summer’s Hottest Trend

According to recent surveys, Capital One Financial Corporation found that consumers are relying more on rewards programs when planning their summer vacations.

Consumers Eyeing Death of Debit Cards

The debit card may become a thing of the past if banks begin charging additional fees once the Federal Reserve places a cap on interchange fees.

FTC Ends $275 Million Credit Card Scam

The Federal Trade Commission (FTC) has won a federal court order to halt operations ofBadCustomer.com, a website that allegedly scammed $275 million from the accounts of approximately five million credit card holders and bank customers during the past four years.

Late Credit Card Payments Fall to Pre-Recession Levels

It appears that even in difficult economic times and with unemployment rates high, consumers are still making it a point to pay their credit card bills on time.

Business Credit Card Regulation – a double edged sword for Palo Verde Residents

Four U.S. senators wrote a letter to Federal Reserve Chairman Ben Bernanke on Tuesday, asking him to make business credit cards protected under the CARD Act of 2009.