CreditCardsCo Blog Topic - ' Financial News'

Concerned Over Possible FDIC Dissolution?

The FDIC program that provided temporary deposit insurance in an effort to keep small businesses banking with its those in their communities is set to expire in December. The repercussions are many.


Author: Brent Thomas | Categories: Financial News

What’s Not In Capital One’s Wallet: $150 Million

Capital One is the first credit card company to be hit by a fine from the Consumer Financial Protection Bureau. Other banks, including JPMorgan Chase and Bank of America could be next.


Author: Scott Townsend | Categories: Credit Card News, Financial News

CFPB Now Overseeing Credit Bureaus

The successful CFPB will soon be overseeing the credit agencies in the U.S. including the three major bureaus.


Author: Brent Thomas | Categories: Credit Card Reform, Financial News

Is a Recession Possible in 2013?

Things aren’t looking so good for the economic outlook in 2013. Politicians are too busy with the upcoming election to pay attention to things like the very real possibility of another recession in 2013.


Author: Carolyn Spiel | Categories: Financial News

Criminal Probe into JPMorgan $2 Billion Loss

The FBI and other federal agencies are now in on the JPMorgan investigation. How serious are these probes and investigations and why is Jamie Dimon still the one smiling?


Author: Roberta Sanchez | Categories: Financial News

JPMorgan $2 Billion Loss and the Volcker Rule

Hindsight is 20/20, but how much of a difference in the massive $2 billion mistake would the Volcker Rule have made were it in place?


Author: Scott Townsend | Categories: Financial News

MasterCard, Visa Report Possible Massive Breach

Is the Global Payments crisis “mushrooming”? Some analysts think so. Here’s the latest on the Global Network breach that could be affecting millions of consumers this very moment.


Author: Carolyn Spiel | Categories: Financial News, ID Protection

Audits, HUD Suggest Illegal Behavior Among Banks

New audits uncover disturbing decisions made by five of the nation’s largest mortgage servicers. Some are demanding felony charges be filed.


Author: Scott Townsend | Categories: Banking, Financial News

Capital One Acquires ING Direct

Big changes at Capital One include the acquisition of ING Direct and the almost-certain acquisition of HSBC credit cards.


Author: Scott Townsend | Categories: Banking, Financial News

Visa, MasterCard: Contests & Sweepstakes

Wouldn’t it be great for our credit card companies to reward us with impressive contest winnings? A trip to the Grammy Awards and cold hard cash during tax season are up for grabs.


Author: Carolyn Spiel | Categories: Credit Card News, Financial News

MasterCard: We Are Entering EMV Market

Even though Visa has a wide head start, MasterCard is finally on board with the new credit card EMV chip technology that promises better protection against fraud.


Author: Joanne Lee | Categories: Credit Card News, Financial News

Visa, MasterCard, WikiLeaks: Is it a Wash?

Visa and MasterCard seem to have bowed to the latest in the Julian Assange/WikiLeaks controversy. They’re now allowing credit card donations by their card holders to the controversial website.


Author: Brian Weston | Categories: Credit Card News, Financial News




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