(photo: Other98.org)

Marching Band Delivers Petition To Citi Asking Banks To “Revoke License To Steal”

In a handful of recent decisions, the U.S. Supreme Court has affirmed the right of businesses to effectively break the law by putting a few carefully worded sentences into their contracts and user agreements. But just because you can add these clauses doesn’t mean you have to do so, which is why pro-consumer advocacy groups gathered more than 100,000 signatures on a petition that was delivered, with a little bit of music, to Citigroup HQ in Manhattan this morning. [More]

(frankieleon)

3 Mistakes To Avoid When Making A Credit Card Balance Transfer

If, like a lot of people, you’re slowly chiseling away at the debt on a credit card with an interest rate of 15% or more, it’s so tempting to take advantage of a competing card’s offer for promotions like 0% APR balance transfers. And while that may be the way to go, there are common mistakes people make that end up negating the benefits of transferring their credit card balance. [More]

(Earth2Kim)

Survey Says: Financial Cheating Common In American Couples

Have you been keeping a close eye on your joint piggy bank? Or perhaps you’ve got your very own credit card you keep separate from your significant other, the one you use to buy the things you don’t want to admit to (season 5 of that awful reality TV show, a giant wheel of cheese, etc.). You aren’t the only financial cheater — a new survey says there are a whole bunch of us taking financial matters to motels that charge by the hour, so to speak. [More]

(Morgan)

Proposed Scorecard Could Help Protect Students From Dangerous Banking Products

For the past several years, federal agencies, lawmakers and consumer advocates have shared their displeasure with the rather cozy relationship between the financial industry and higher education institutions and set out to protect consumers from the often shady deals made between the two groups. Now the Consumer Financial Protection Bureau is setting out to protect students by creating a scorecard that would help ensure colleges have all the pertinent details when it comes to partnering with financial institutions that offer checking and prepaid accounts to students. [More]

(Chris Blakely)

“Checking Your Credit Report Will Hurt Your Credit Score” And 4 Other Credit Myths

I can’t count the number of times I’ve been talking with my friends or family members about credit scores (Hey — I never claimed to lead a thrilling life) when someone would say “I’d like to check my credit report, but I don’t want to ding my credit score.” This is just one of several popular misconceptions that many people have about credit. [More]

(Johanna Beyenbach)

5 Signs That You Shouldn’t Be Using Credit Cards

Just like almost every child wants a puppy and thinks they can handle the responsibility, many adults are seduced by the promise of a line of credit and convince themselves they won’t screw it up and end up buried beneath a mountain of debt. Before you take the plunge and get a credit card, a bit of honest introspection could prevent you from trapping yourself in a plastic jail cell. [More]

(Mississippi Snopes)

CFPB: College Credit Card Agreements On Decline; Debit, Prepaid Card Agreements Increase

Since Congress passed the Credit Card Accountability, Responsibility, and Disclosure (CARD) Act in 2009, the cozy relationship between credit card issuers and institutions has fractured. But while the number of agreements between the two entities has declined drastically, that doesn’t mean banking on campus has gotten any safer for students. [More]

Boston TSA Agents Find Dozens Of Credit Cards Under Different Names Stuffed Inside Teddy Bear

Boston TSA Agents Find Dozens Of Credit Cards Under Different Names Stuffed Inside Teddy Bear

Stuffed animals serve a simple purpose: To be cute and cuddly. As such, they’re imbued with a sort of innocence, so far as inanimate object can be, which is perhaps why someone thought no one would notice if a sweet little teddy bear was stuffed chock full of what could be stolen credit cards. [More]

Reminder: Beware Of Deferred Interest Credit Card Offers This Holiday Season

Reminder: Beware Of Deferred Interest Credit Card Offers This Holiday Season

Whether you shop online or at brick-and-mortar retailer this holiday season, you’ll undoubtedly be offered countless chances to save money with store-branded financing options offering “0% interest” for six, 12, 18 months. These can be incredibly tempting, but many people don’t realize they are often signing up for deferred interest accounts that can come back to bite you on the rear-end in a very nasty way. [More]

Restaurant Accidentally Overcharges Customers Anywhere From $8K To $99K

Restaurant Accidentally Overcharges Customers Anywhere From $8K To $99K

Some Knoxville, TN, residents are fuming mad at a local chain restaurant after seeing that their debit and credit cards have been charged 1,000 times what they should have been for their meals, leaving people in the red for anywhere from $8,000 to $99,000. [More]

(photographybynatalia)

Costco May Finally Start Accepting Something Other Than American Express

Costco may be very generous with the free food samples and might have a very forgiving return policy, but when it comes to paying with a credit card at the warehouse club, customers have only one option: American Express. But a new report claims that we could be seeing the end of Costco customers being forced to use their AmEx when buying 872 lbs. of steak and enough toilet paper to keep a small nation clean. [More]

Bogus Credit Card Charges Look Like They Were Made With Chip-Enabled Cards

Bogus Credit Card Charges Look Like They Were Made With Chip-Enabled Cards

As banks begin rolling out new credit cards embedded with microchips intended to help prevent fraudulent use, some financial institutions are reportedly seeing a spike in bogus transaction charges that appear to be coming from these newer cards, even though chip-enabled cards have yet to be sent out. [More]

(Patrick Fagan)

Citibank Raises Fees For Accounts, But Plans To Offer Free Credit Reports To Some Customers

Citibank is poised to become the second financial institution to provide customers with free credit scores each month. But that’s only if customers stick with the company after its latest fee hike. [More]

(frankieleon)

Why Paying Your College Tuition With A Credit Card Is A Bad Idea

A few weeks ago, we listed for you a wide variety of creative and mundane ways to pay for college. What we didn’t get into were ways to get money from your bank account to the school’s hands. While you might put every other expense on a credit card and pay it off every month, there are reasons why it can be a terrible idea to put your tuition on a credit card. [More]

The Secret To Lowering Your Credit Card Interest Rate (Spoiler: Just Ask)

(Corey Templeton)

Are you sick of being slammed with an 18% interest rate on your credit card even though you regularly pay down your balance and don’t miss payments? “How can I possibly get that rate down a few points to make my finances more manageable?” you ask to no one in particular, but that’s a question to ask your credit card issuer because there’s a decent chance they’ll knock down that APR for you. [More]

(Chris Wilson)

Jimmy John’s Confirms Credit Card Data Breach At 216 Locations

Months after it was first reported that payment systems at sandwich chain Jimmy John’s may have been compromised, the company is finally confirming that 216 of its stores were indeed hacked, putting customers’ credit and debit card data at risk. [More]

Did Home Depot Ignore Hack Warnings From Employees?

Did Home Depot Ignore Hack Warnings From Employees?

While the millions of us who shopped at Home Depot during the five months in which hackers were siphoning off customers’ credit/debit card data from in-store payment systems are keeping our eyes on our accounts and credit reports, former employees at the nation’s largest home improvement retailer claim they warned the company about the possibility of a breach years ago. [More]

(lemonjenny)

The 5 States (Plus D.C.) With The Highest Levels Of Credit Card Debt

If you were asked to guess which states had the highest average credit card debt, you might assume it would be dominated by places with high real estate costs, where consumers need to spread out their other purchases in order to make the rent or mortgage every month. Or you might go the other way and guess that states with low costs of living but high unemployment rates would top that list. But a new analysis of credit card data paints a different picture than either of these assumptions. [More]