LowCards.com Weekly Credit Card Update–October 9, 2015
Expect More Online Fraud as New Credit Cards Arrive The new chip credit cards that shoppers are getting in their mailboxes may prevent criminals from stealing from stores, but many thieves are expected...
View ArticleLowCards.com Weekly Credit Card Update–May 13, 2016
Walmart Sues Visa to Require PIN Use with Chip Credit Cards Walmart, the nation’s largest retailer, has filed a lawsuit in New York against Visa, charging that the payments network had blocked...
View ArticleCFPB Likely to Pass New Arbitration Rules
It is likely that the Consumer Financial Protection Bureau (CFPB) will finalize rules which will ban banks from implementing arbitration clauses that prevent customers from filing class-action...
View ArticleCFPB Makes It Legal to Sue Your Bank or Credit Card Company
The Consumer Financial Protection Bureau (CFPB) has ruled that credit card companies and banks can no longer use arbitration clauses to stop customers from filing class action lawsuits. “These clauses...
View ArticleLowCards.com Weekly Credit Card Update–July 14, 2017
Visa Takes War on Cash to Restaurants Visa has a new offer for small merchants: take thousands of dollars from the card giant to upgrade their payment technology. In return, the businesses must stop...
View ArticleLowCards.com Weekly Credit Card Update–July 21, 2017
U.K. Bans Credit Card Surcharges, Calling Them A ‘Rip-Off’ British retailers will be forbidden from forcing customers to pay surcharges when they use a credit card, under new rules announced by the...
View ArticleHouse Overturns CFPB Regulation That Made It Easier for Consumers to Sue...
Yesterday, the House voted to overturn a new regulation from the Consumer Financial Protection Bureau. The rule, approved just two weeks ago, prevented banks and credit card companies from exclusively...
View ArticleLowCards.com Weekly Credit Card Update–July 28, 2017
Fed Holds Rates Steady, Giving Borrowers Some Breathing Room The Federal Reserve has left interest rates alone, giving borrowers a moment to breathe. But don’t get too comfortable. After increasing...
View ArticleTrump Signing Repeal of CFPB’s Arbitration Rule
This afternoon, President Trump is signing legislation to repeal the Consumer Financial Protection Bureau’s arbitration rule. The repeal was already approved by the House in July and by the Senate two...
View ArticleLowCards.com Weekly Credit Card Update–November 3, 2017
Here’s How Many Americans Say They Don’t Carry Cash Paper money might be losing its appeal. In a survey of more than 2,000 Americans, U.S. Bank found that people aren’t carrying a lot of cash with...
View Article
