credit card accounts

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Home Depot Hackers Nabbed 53M Email Addresses

They stole a 3rd-party vendor's login credentials to install malware

(Newser) - The massive security breach Home Depot went public with in September didn't stop at 56 million credit cards. The country's biggest home-improvement retailer announced yesterday that hackers also stole 53 million email addresses—though not passwords or other personal info. Still, the company said customers should be on... More »

What Not to Put on Plastic

(Newser) - Credit card companies know more about you than you think—and if they think you're financially stressed, you're in trouble. American Public Media lists 10 "red-flag" purchases that you shouldn't make with plastic unless you want to give your credit card company the jitters.
  • Traffic tickets: These make you
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Credit Card Firms Cut Deals With Delinquents

Newly relaxed policies allow firms to settle for portion of debt

(Newser) - With countless customers running behind on payments, credit card companies are taking it easy on delinquents, letting them off the hook in exchange for partial repayments, the New York Times reports. The firms began easing up on their previous policies last fall, experts say; now they’re letting frontline workers... More »

Schumer Wants Faster Action on Credit Cards

Rules on deceptive practices don't take effect until 2010

(Newser) - Sen. Chuck Schumer is putting pressure on the Fed and the Office of Thrift Supervision to enact restrictions on the business practices of credit card firms more quickly, the New York Daily News reports. The agencies have drafted new rules banning deceptive practices like hidden fees and retroactive rate hikes,... More »

White House Targets Credit Card Chicanery

Issuers coming under pressure to halt unfair, misleading practices

(Newser) - The Obama administration is throwing its weight behind congressional efforts to crack down on credit card companies, the Wall Street Journal reports. Lawmakers are pushing legislation to ban practices like arbitrarily raising interest rates on existing balances and the president is expected to take a hard line on the issue... More »

Yanks' Damon Stung by Stanford Scandal

(Newser) - Two New York Yankees—Johnny Damon and Xavier Nady— have had their finances frozen by the SEC in connection with the Stanford fraud scandal, Fox Sports reports. Both players kept their money in Stanford banks, and the SEC says they should have access to it in a few days. But... More »

Citi to Lay Off 10,000, Raise Credit Card Rates

Banking behemoth will shed 10,000 as it grasps for positive cash flow

(Newser) - Citigroup, seeking profitability after suffering net losses of $20 billion over the past year, is laying off at least 10,000 employees worldwide and raising rates on some credit card holders, the Wall Street Journal reports. Officials were told to trim employee compensation budgets by 25%, allowing managers to minimize... More »

Consumer Data Breaches Hit Record

Thefts, losses of confidential info has already topped 2007

(Newser) - Theft or loss of confidential consumer information from computer databases is at a record high, with more breaches already this year than all of 2007, the Washington Post reports. Records reveal that 449 US businesses, government agencies and universities have reported data breaches this year, compared with 446 breaches involving... More »

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