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Study Suggests Quantum Physics Can Eliminate Credit Card Fraud
Quantum physics may make future credit cards “impossible to hack,” say the authors of a recent study. As we all know, credit cards in their current state are prone to exploitation. This can cause major headaches for consumers hoping to...
Read MoreProblems Riddle Moves to Collect Credit Card Debt
The same problems that plagued the foreclosure process — and prompted a multibillion-dollar settlement with big banks — are now emerging in the debt collection practices of credit card companies. As they work through a glut of bad loans, companies like American...
Read MoreChase to Employee: ‘Go Along with the Plan to Sell the Misrepresented Asset’
The American Banker’s Jeff Horwitz recently put together a fantastic story exposing widespread internal irregularities at Chase regarding its credit card practices. The story is pulled from information gathered from a number of current and former Chase employees. It all...
Read More85-Year-Old Oregon Woman Suing Big Bank Over Fake Suicide Call
Anne Sessions of Lane County, Oregon is suing Wells Fargo after one of its debt collectors reported to police that that the 85-year-old was threatening suicide, a claim she maintains was false, The Oregonian reports. After hitting financial trouble, Sessions says she...
Read MoreJPMorgan Chase Hit With SEC Whistleblower Complaint Over Credit Card Practices
A former JPMorgan Chase employee is suing the company for wrongful termination but more importantly she has filed a whistleblower complaint with the SEC. The allegations charge JPMorgan with robo-signing, which is the automatic generation of documents such as foreclosure...
Read MoreDebt Collection Harassment Attorney Appears on Fox News to Discuss Capital One Harassment
Debt collection harassment attorney Craig Kimmel and client Patrice Perry appeared on Fox News to discuss a case against Capital One. Capital One harassed Patrice over a credit card debt and sent her a bill for $286 million. As featured...
Read MoreWhat’s in Her Wallet? Well, Not $286,651,237
A Delaware County woman claims that a malicious human being – and not a computer program – is behind the erroneous $286,651,237 credit-card bill that Capital One sent her last year, according to a lawsuit filed last week in Philadelphia...
Read MoreJPMorgan Pulls Arbitration Clause From Card Contracts
JPMorgan Chase & Co.’s credit-card contracts will no longer require disputes to be settled through arbitration, a practice that lawmakers said was biased against cardholders, to help settle an antitrust lawsuit. After a class action suit was filed by Philadelphia...
Read MoreCredit Card Companies Respond to Consumer Protection Bill
Credit card companies are taking action ahead of the new Credit Card Consumer Protection Bill that will take effect in February of 2010. The bill was passed in May of this year and limits the ability of a credit card...
Read MoreDebtor’s Revolt: But at What Cost?
Many may be familiar with the YouTube video posted by Ann Minch, a California woman that grew enraged after Bank of America raised her credit card’s interest rate to 30% after she had been a loyal customer for years. The...
Read MoreThe Attack of The Zombie Theft
It happened years ago…so far ago that you erased it out of your mind. Your wallet was taken off the movie counter when you were buying popcorn, your number was lifted off of a gas station receipt, or your credit...
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