Quantum physics may make future credit cards “impossible to hack,” say the authors of a recent study. As we all know, credit cards in their current state are prone to exploitation. This can cause major headaches for consumers hoping to...
Read MoreThe same problems that plagued the foreclosure process — and prompted a multibillion-dollar settlement with big banks — are now emerging in the debt collection practices of credit card companies. As they work through a glut of bad loans, companies like American...
Read MoreThe American Banker’s Jeff Horwitz recently put together a fantastic story exposing widespread internal irregularities at Chase regarding its credit card practices. The story is pulled from information gathered from a number of current and former Chase employees. It all...
Read MoreAnne Sessions of Lane County, Oregon is suing Wells Fargo after one of its debt collectors reported to police that that the 85-year-old was threatening suicide, a claim she maintains was false, The Oregonian reports. After hitting financial trouble, Sessions says she...
Read MoreA former JPMorgan Chase employee is suing the company for wrongful termination but more importantly she has filed a whistleblower complaint with the SEC. The allegations charge JPMorgan with robo-signing, which is the automatic generation of documents such as foreclosure...
Read MoreDebt collection harassment attorney Craig Kimmel and client Patrice Perry appeared on Fox News to discuss a case against Capital One. Capital One harassed Patrice over a credit card debt and sent her a bill for $286 million. As featured...
Read MoreA Delaware County woman claims that a malicious human being – and not a computer program – is behind the erroneous $286,651,237 credit-card bill that Capital One sent her last year, according to a lawsuit filed last week in Philadelphia...
Read MoreJPMorgan Chase & Co.’s credit-card contracts will no longer require disputes to be settled through arbitration, a practice that lawmakers said was biased against cardholders, to help settle an antitrust lawsuit. After a class action suit was filed by Philadelphia...
Read MoreCredit card companies are taking action ahead of the new Credit Card Consumer Protection Bill that will take effect in February of 2010. The bill was passed in May of this year and limits the ability of a credit card...
Read MoreMany may be familiar with the YouTube video posted by Ann Minch, a California woman that grew enraged after Bank of America raised her credit card’s interest rate to 30% after she had been a loyal customer for years. The...
Read MoreIt happened years ago…so far ago that you erased it out of your mind. Your wallet was taken off the movie counter when you were buying popcorn, your number was lifted off of a gas station receipt, or your credit...
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