NEW YORK — Fallout from Target’s pre-Christmas security breach is likely to affect the company’s sales and profits well into the new year. The company disclosed on Friday that the massive data theft was significantly more extensive and affected millions ...
Tagged with: credit cards data information personal information target
Read More »WASHINGTON — Americans cut back on using their credit cards in August for a third straight month, a sign that consumers remain cautious about spending. Consumers increased their borrowing $13.6 billion in August to a seasonally adjusted $3.04 trillion, the ...
Tagged with: Banks consumer credit credit cards debt decline Economy federal reserve united states
Read More »WASHINGTON — Americans increased their borrowing in May at the fastest pace in a year. Borrowing in the category that includes credit cards reached its highest point since fall 2010. Increased borrowing typically means that consumers are feeling more confident. ...
Tagged with: borrowing Business business news consumers credit cards debt Economy federal reserve homes Real Estate
Read More »Americans borrowed more in April to attend college and buy cars and were a little less cautious with their credit cards than the previous month. The Federal Reserve said Friday that consumer borrowing rose $11.1 billion in April from March ...
Tagged with: Banks borrowing consumer credit cards debt Economy federal reserve spending united states
Read More »GREENBELT — A Greenbelt man has been sentenced to seven years in prison in a scheme to use stolen credit card convenience checks to defraud Bank of America of more than $600,000. Twenty-three-year-old Bolarinwa Adeyale was sentenced Monday after being ...
Tagged with: bank fraud Banks credit cards crime greenbelt Law legal news
Read More »WASHINGTON — All taxicabs in the District of Columbia will be required to accept credit cards by March 30. The D.C. Taxicab Commission announced Friday that it will use its regulatory authority to mandate upgrades to the remaining cash-only cabs ...
Tagged with: Business business news credit cards d.c. Transportation washington
Read More »LOS ANGELES — Americans cranked up their use of credit cards in the third quarter, racking up more debt than a year ago, while also being less diligent about making payments on time, an analysis of consumer-credit data shows. The ...
Tagged with: credit cards debt Economy Recession
Read More »NEW YORK — A group of retailers and trade groups has launched a last-ditch effort to stop a settlement worth at least $6 billion that Visa Inc., MasterCard Inc. and major banks have agreed to pay retailers for alleged fee ...
Tagged with: class-action lawsuit credit cards legal news mastercard national retail federation Retail Settlement settlements U.S. District Court visa
Read More »NEW YORK — Wal-Mart Stores Inc. and American Express are rolling out a prepaid card that they say offers unique services designed to help shoppers manage and control their everyday finances. The two companies said Monday that Bluebird, begun during ...
Tagged with: american express consumers credit cards Retail Wal-mart
Read More »WASHINGTON — American Express is paying $112.5 million in refunds and fines to settle regulators’ accusations that it charged unlawful late fees and deceived customers to pressure them to pay off old debts or buy extra credit card services. The ...
Tagged with: american express Consumer Financial Protection Bureau credit cards customers debt FDIC federal reserve refunds Richard Cordray settlements
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