The Justice Department is investigating whether he has a visa Inc. V. -4.77% According to people familiar with the matter, the debit-card market is involved in anti-competitive practices. People say the department’s antitrust department collects information and asks if the largest network of US cards, Visa, which is always less …
Read More »Hong Kong leader acknowledges US sanctions for credit card use
Hong Kong The Hong Kong leader says the use of their credit cards by the United States has been “hindered” impose sanctions on them in response to a sweeping new security law in the financial hub. Chief Executive Carrie Lam was personally targeted, along with 10 other seniors in the …
Read More »NY to establish a 90-day grace period for credit card rewards
The New York Senate passed a bill on July 22, 2020 establishing a 90-day grace period for consumers to redeem their credit card rewards if they close or modify their existing accounts, making it easier for anyone who want to close a credit card to cash in their earnings The …
Read More »70 million people have just lowered their credit card limits or closed accounts
According to a new survey by Lending Tree’s Compare Cards website, about a third of US credit card users, about 70 million people, have lowered their credit limits or inadvertently closed accounts since mid-May. . Blame the coronavirus. Card issuers are lowering credit limits to avoid potential losses for cash-strapped …
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