Credit card news, Jan - Mar 2007

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TK Maxx admits credit card scandal

30 March 2007

Millions of UK shoppers are being urged to check their bank statements after TK Maxx revealed that a security lapse could lead to their customers' credit card details being obtained by sophisticated hackers.

Lack of discussion leads to failing finances

29 March 2007

Parents are failing to talk to their children about money matters and this is leading to many people struggling to understand their finances.

Credit card users urged to use caution online

27 March 2007

Consumers are being urged to exercise caution and to take simple steps when shopping online to make sure that their credit card details aren't at risk.

Over 50% admit to holding fruitless flexible friends

26 March 2007

Despite numerous offers being made available on the credit card market, research from Goldfish has revealed that over half of British consumers own credit cards which don't offer them a reward.

Credit cards 'more effective' for faulty household appliances

23 March 2007

People in the UK are indulging in time-saving household appliances and are buying more than ever with 2% of household disposable income going on these luxury goods, new research suggests.

Credit cards for the climate conscious

22 March 2007

UK consumers are increasingly taking ethical issues into account when considering their financial products, a recent study carried out by the Co-operative Financial Services (CFS) reveals

Over 60s paved way for credit card boom

21 March 2007

People over 60 take a far different approach to the issue of credit than those under 25 do, the Chairman of the Consumer Credit Counselling Service (CCCS) has said

Consumers left in the dark about withdrawal costs

19 March 2007

Research from the price comparison and switching website uSwitch.com has revealed that almost a million Britons believe they are not being charged when they withdraw cash using their credit card.

Lloyds TSB rolls out phone warning system

16 March 2007

One of the largest UK high street banks is to roll out a telephone warning service for credit card customers following the success of several pilot schemes held around the UK.

Apacs: Over 60% of cash transactions made with notes

15 March 2007

The UK payments association Apacs has revealed that despite Britain's ongoing love affair with consumer credit, 63% of all money transactions are made using cash, rather than a credit or debit card.

Apacs: Face to face credit card fraud down

14 March 2007

Card not present fraud rose in 2006 by 16% according to the latest figures from the payments association Apacs, but face-to-face fraud was down 47% - thought to be brought about by the introduction of chip and PIN.

Consumers urged to check details of charity credit cards

12 March 2007

Credit cards offering to donate small percentages of money to charity are becoming all the rage with ethical shoppers, but recent research has revealed that some credit card providers are proving to be less generous than others.

Nationwide announces changes to credit cards

09 March 2007

Nationwide credit card customers can expect changes to the introductory pricing on its Gold and Classic credit cards from this week.

Is your credit card provider conning you?

08 March 2007

A report has revealed that some credit card providers are forcing their customers to incur late payment fees by delaying the sending out of their bills.

Repossession powers to be granted against credit card defaulters

05 March 2007

Bailiffs are to be given new powers which will allow them to enter homes and take the owners goods if they have fallen behind on credit card repayments.

Britons still in love with plastic

04 March 2007

Britons' love affair with credit cards is as strong as ever, a new report from APACS has revealed.

OFT plans credit card advertising investigation

02 March 2007

The Office of Fair Trading (OFT) has announced that it is to investigate credit card advertising.

Londoners alive to credit card rewards

02 March 2007

Credit card users in London are savvier to credit card reward offers than elsewhere in the UK, according to a new study by Goldfish credit card

BBA reveals January sales didn't cause credit card rush

01 March 2007

Recent figures from the British Bankers' Association (BBA) have revealed that consumers were not being won over by January credit card deals, with people borrowing £500 million less on their credit cards compared to the previous month.

Consumers stung for credit card use abroad

27 February 2007

Morgan Stanley, one of the largest credit card providers, has announced that its customers will now have to pay a 3% fee on every purchase when using their credit cards abroad in addition to a 6% increase in the cost of cash withdrawals as of April 24th.



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