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This Week In Credit Card News--Millions Get New Cards After Target Hack, More Offers Hitting Mailboxes

Jan 17 2014, 4:32pm CST | by

Millions Getting New Debit, Credit Cards After Target Hack Millions of consumers are being sent new debit and credit cards after the security breach that hit as many as 110 million Target customers...

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27 weeks ago

This Week In Credit Card News--Millions Get New Cards After Target Hack, More Offers Hitting Mailboxes

Jan 17 2014, 4:32pm CST | by

Millions Getting New Debit, Credit Cards After Target Hack

Millions of consumers are being sent new debit and credit cards after the security breach that hit as many as 110 million Target customers. JPMorgan Chase is replacing 2 million credit and debit cards due to the hack. Bank of America and Wells Fargo both said they are reissuing cards that they believe are “at risk of” fraud. [CNN Money]

Get Ready For A Flood Of Credit Card Offers From Your Bank

The recession years had one pleasant side effect–a drop in the number of credit card offers filling consumers’ mailboxes. Banks are once again ramping up the credit card offers, but banks are now focusing these offers on existing customers rather than blasting out applications to every person with a mailing address. [Consumerist]

Hackers Steal Credit Card Data from Neiman Marcus Customers

Luxury retailer Neiman Marcus announced that customers’ credit card data may have been stolen in a hack similar to the Target security breach that affected millions. On Jan. 1 the company found evidence that hackers had breached its cyber-security. [ABC News]

The Credit Card Shuffle

If you want to know just how much money credit card companies make from their typical customer, look at their bonus offers to sign up. These credit card bonuses–reward points, frequent-flier miles and even cash–are generally far more lucrative than the continuing rewards for established customers. [The Wall Street Journal]

JPMorgan 4Q Profit Falls 7 Percent on Legal Costs

JPMorgan Chase reports that its profits dropped 7% in the fourth quarter, held back by more legal woes and a decline in the bank’s investment banking business. The bank reported net income of $5.28 billion in the last three months of 2013, down from $5.69 billion in the same period a year earlier. [Associated Press]

Protecting Your Financial Accounts From Hackers

Consumers are getting bombarded with news of cyber security attacks at well-known retail stores such as Target and Neiman Marcus. They are concerned about their personal information and are left to wonder what can be done to protect themselves. Here are some steps consumers should take to protect their financial accounts. [LowCards.com]

What CFPB Mortgage Rules Mean for You

New rules to prevent irresponsible mortgage loan practices that led to foreclosures during the housing crash may slow the process for consumers as lenders become more cautious vetting a potential borrower. The Consumer Financial Protection Bureau will hold mortgage lenders legally responsible for ensuring that consumers can pay back their loans and create a new qualified mortgage category with better protections for borrowers. Approximately 1 in 10 homeowners with a mortgage still owes more than their home is worth. [U.S. News and World Report]

Borrowers are the Winners in the Low-Rates Era

Loose monetary policy has delivered substantial benefits to borrowers of all kinds, from corporations and households to the most indebted entity of them all, the U.S. government. Here are the winners and losers in the real economy. [The Wall Street Journal]
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LowCards.com Weekly Credit Card Rate Report

Based on the 1,000+ cards in the LowCards.com Complete Credit Card Index, the average advertised APR for credit cards is 14.47%, slightly lower than last week’s average of 14.48%. Six months ago, the average was 14.43%. One year ago, the average was 14.32%. [LowCards.com]

Provided by LowCards.com

Source: Forbes Business

 
Update
10

7 weeks ago

RM47mil KWSG contributions still unclaimed

Jun 9 2014 7:54am CDT | Source: Business Times Malaysia

KUALA LUMPUR: About RM47 million of contributions in the Teachers Provident Fund (KWSG) still remain unclaimed, the Dewan Rakyat was ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
9

7 weeks ago

Gold shop lost almost RM1mil

Jun 9 2014 3:50am CDT | Source: Business Times Malaysia

KANGAR: A gold shop owner lost almost RM1 million after after the safe on in his shop was broken into by robb ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
8

7 weeks ago

Motion to debate MAS losses in Dewan Rakyat rejected

Jun 9 2014 3:39am CDT | Source: Business Times Malaysia

KUALA LUMPUR: AN emergency motion to debate the losses incurred by Malaysia Airlines last year, amounting to RM1.2 billion was rejecte ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
7

7 weeks ago

MH370 Tragedy: Hisham: RM27.6 mil spent on 1st phase of SAR

Jun 9 2014 2:11am CDT | Source: Business Times Malaysia

KUALA LUMPUR: Malaysia spent some RM27.6 million in its first phase of the search operations for missing Malaysia Airline flight MH370, said Acting Transport Minister, Datuk Seri H ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
6

7 weeks ago

9.1m litres of diesel seized in a month

Jun 8 2014 1:11am CDT | Source: Business Times Malaysia

PUTRAJAYA: The Domestic Trade, Cooperatives, and Consumerism ministry has seized some 9.1 million litres of diesel and property worth RM58 million since mounting ‘Operasi Diesel Selatan ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
5

7 weeks ago

Girl, 9, awarded RM2.78m compensation for medical negligence

Jun 6 2014 4:56am CDT | Source: Business Times Malaysia

KUALA LUMPUR: A nine-year-old girl who suffered brain damage during her birth at a government hospital was awarded over RM2.78 m ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
4

8 weeks ago

Malaysia's total trade in April up 12pc

Jun 5 2014 11:52pm CDT | Source: Business Times Malaysia

KUALA LUMPUR: Malaysia's total trade in April 2014 rose by 12 per cent from a year ago to RM123.86 billion due to growing trading activities, International Trade and Industry Minister Datuk Seri Mustapa Mohamed s ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
3

8 weeks ago

Works Ministry to spend RM20m for upgrading works at 50 accident black spots

Jun 4 2014 11:35pm CDT | Source: Business Times Malaysia

JOHOR BARU: The Works Ministry will implement upgrading works at 50 accident prone locations in the country that have been identified this year involving an a ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
2

8 weeks ago

Najib launches loan scheme for Ramadan traders

Jun 4 2014 10:24pm CDT | Source: Business Times Malaysia

PUTRAJAYA: Prime Minister Datuk Seri Najib Razak today launches RM45 million Ramadan Bazaar Scheme 2014 ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
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1

8 weeks ago

Residents bring up objection against Kidex to Suhakam

Jun 4 2014 4:49am CDT | Source: Business Times Malaysia

PETALING JAYA: A group of 20 Petaling Jaya residents held a meeting with the Human Rights Commission of Malaysia (Suhakam) over their objection against the proposed RM2.2 billion Kinrara Damansara Skyway (Kidex) today ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 

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