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New Maryland law allows free credit freeze
A new law taking effect in Maryland this week allows residents to place a freeze on their credit reports free of charge. Maryland Attorney General Brian Frosh says a credit freeze is one of the most effective methods of identity theft protection. It prevents anyone from seeing your credit report without your permission. If a […]
2015, where tech and credit collide
In CardHub’s annual list of the top 10 credit trend predictions for the year ahead, the intersection of credit and the tech world features prominently.
Obama announcing plan to tighten card security
President Barack Obama is announcing a government plan to tighten security for the debit cards that transmit federal benefits like Social Security to millions of Americans.
Cass R. Sunstein: Apple Pay could cost you
The new Apple payment system has extraordinary promise. With Apple Pay, you might not need a wallet, and you can leave your credit and debit cards at home.
‘Spare a square’ ringleader loses challenge to lengthy sentence
A federal appeals court has affirmed a 21.5-year sentence for the Baltimore ringleader behind a five-year scheme to distract and steal credit cards from women in public restroom stalls.
Consumers keep credit cards close to vest
Consumers increased their borrowing in February on autos and student loans by the largest amount in a year. But for a second straight month, they cut back on their credit card use.
MasterCard sets new standards for payroll cards
PURCHASE, N.Y. — MasterCard has set new standards for its payroll cards, and says it says should help employees take better advantage of its benefits. Payroll cards, which are similar to debit cards, are a means for an employer to pay employees. They typically are used as a way to deposit paychecks for workers who […]
Average credit card debt per borrower dips in 2Q
LOS ANGELES — Americans remain stingy about carrying credit card balances and are making more of an effort to make timely payments, trends that have helped whittle the rate of late payments on credit cards down to the lowest level in nearly 20 years. The rate of credit card payments at least 90 days overdue […]
Consumer credit up, but not from paying with plastic
WASHINGTON — Americans borrowed more in June to buy cars and attend schools. But they were frugal again with their credit cards, indicating many remain wary of taking on high-interest debt. Consumers increased their borrowing $13.8 billion in June from May to a seasonally adjusted $2.85 trillion, the Federal Reserve said Wednesday in its monthly […]
U.S. judge strikes Fed’s cap on debit ‘swipe’ fees
WASHINGTON — A federal judge has struck down a rule setting a cap on the fees that banks can charge merchants for handling debit card purchases, saying the Federal Reserve didn’t have the authority to set the limit in 2011. The ruling by U.S. District Court Judge Richard Leon Wednesday handed a victory to a […]
C. Fraser Smith: E-Z does it? No, not exactly
The E-ZPass Maryland office crouches along a barren moonscape of highway south of the city.
UM Ventures technology license granted
University of Maryland Ventures, a joint research commercialization effort of the University of Maryland, Baltimore and the University of Maryland, College Park, and Baltimore-based SilcsBio LLC, a supplier of computer-directed drug discovery software and services, announced that SilcsBio has obtained exclusive rights to a technology licensed from UMB.
