Tips, News and Advice from Credit Card Assist

News Stories & Updates In The Credit Card Industry

In our “News Stories” blog section, we provide the latest breaking news, stories and updates for consumers in the credit card industry. We cover topics that include the latest industry research and data, cutting edge-technology developments, crime and fraud investigations as well as the latest regulatory and legislative news effecting credit cards.

At Credit Card Assist, we strive to provide the most up-to-date sources of news and information for consumers on the credit card industry available anywhere.

The Golden State Picks a Fight With JPMorgan Chase

June 5, 2013

Judging by the details of a lawsuit filed in California earlier this May, state attorney general Kamala D. Harris believes that the suits at JPMorgan Chase are just a bunch of dirty crooks. The state alleges that Chase, one of the nation’s largest banks, has been using illegal tactics to collect unpaid balances from its […]

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Magical New Bank of America ATM Dispenses Rainbows and Sunshine

May 9, 2013

The little money machine on the street corner is about to get a serious makeover. Since 1959, the public has counted on the ATM for simple banking transactions that don’t require a visit to the actual bank. We’ve been depositing money in envelopes and taking cash (usually in increments of $20) from the machines’ slots […]

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With the Card Act Revision, the CFPB Gives Credit to Mr. Mom

May 7, 2013

For stay-at-home spouses, getting credit has long been a pain in the ass. When the CARD Act passed in 2009, it required credit card companies to assess the independent income and resources of each applicant to determine if they’d be able to make payments. The result of that evaluation decided whether or not the person […]

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How to Buy a Drink in Manhattan Without Spending a Single Dollar

April 25, 2013

Here’s a familiar scenario: a man walks into a bar. His journey from the front door of Manhattan’s EVR lounge to the bartender is unremarkable, but when he finally gets the bill for his dry martini, things get … weird. He doesn’t pay with dollars and cents, but with a virtual currency. The dollar amount […]

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FTC Says 26% of Credit Reports Contain Errors. Does Yours?

March 11, 2013

Have you checked your credit report lately? If you’re among the 80% of Americans who haven’t, you definitely want to get on top of that. The Federal Trade Commission estimates that around 26% of all credit reports contain errors – and we’re not just sweating the small stuff here, like incorrect addresses. Many of these […]

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Cashing In On Cash Back: An Illinois Town’s Crazy Plan to Save Money

March 1, 2013

Springfield, IL is known for being the land of Lincoln, the birthplace of corn dogs on a stick, the state capitol and the launch point of the Donner Party’s journey into cannibalism. But lately it’s been in the news for something else. City officials have devised a new way to create revenue this fiscal year […]

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Will Republicans Shut Down the CFPB?

February 25, 2013

We’ve been talking a lot lately about the Consumer Federal Protection Bureau and all the awesome stuff it’s been up to, but we may not be talking about it at all anymore if Republicans have their way. They’re doing everything they can to dismantle the consumer watchdog, from filibustering to sending sassy letters to President […]

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A Race Against Tax Fraud: Why You Should File Your Taxes ASAP

February 18, 2013

It’s everyone’s least-favorite time of year again – tax season. And as if the process of filing your taxes wasn’t daunting enough, there’s another thing to worry about: tax return fraud. Between 2010 and 2011, the number of consumers affected by tax return fraud almost doubled, and it shows no signs of stopping anytime soon. […]

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Hey Credit Card Companies – Arbitrate This!

January 16, 2013

We’re trying not to get our hopes too high since it’s only a couple weeks into the new year, but  2013 is looking like it could actually be a pretty good one for consumers. We know – we’re as shocked as you are. But last week, a federal antitrust trial began against the alleged unfair […]

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Will the Rolling Jubilee Rescue You From The Black Hole of Debt?

January 4, 2013

As we mentioned last week, an offshoot of the Occupy movement known as Strike Debt recently wrote a little book to help people fight their way out of debt. But they’re not just stopping at that. They want to do it for you, too. The group seeks to abolish debt by actually picking up the […]

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