The variety of bank cards in Colombia is falling to crucial ranges of the epidemic

The variety of bank cards in Colombia is falling to crucial ranges of the epidemic

Consumption in Colombia fell in August 2023. Picture: Bancolombia A number of market analysts in Colombia expressed rising concern in regards to the sharp decline within the variety of playing cards of credit score till now in 2024. The indicator raises warnings for what the influence may very well be on the monetary system. Knowledge … Read more

Bank card protections are prolonged to “Purchase Now, Pay Later”

Bank card protections are prolonged to “Purchase Now, Pay Later”

Have you ever purchased a tv or maybe some aircraft tickets and agreed to pay in 4 interest-free installments? He isn’t the one one. He’s”Purchase now, pay later(Purchase now, pay later, BNPL) is a cost methodology that has solely grown in the USA for 4 years and is well-liked amongst customers throughout the earnings spectrum … Read more

Federal Judge Blocks Biden Administration’s Rule to Slash Credit Card Late-Payment Fees

Federal Judge Blocks Biden Administration’s Rule to Slash Credit Card Late-Payment Fees

Article Federal Judge in Texas Blocks New Credit Card Late-Payment Fee Rule By Kate Gibson A federal judge in Texas has granted an injunction to freeze new government regulations aimed at slashing credit card late-payment charges. The regulations, which were scheduled to take effect on May 14, were a centerpiece of the Biden administration’s efforts … Read more

New Credit Card Regulations to Impact Retailers Like Macy’s and Kohl’s – How Retailers Are Adapting

New Credit Card Regulations to Impact Retailers Like Macy’s and Kohl’s – How Retailers Are Adapting

Credit cards have long been a powerful tool for retailers, like Macy’s and Kohl’s, to drive purchases and take a cut of the profits. Starting this spring, these cards will be less lucrative for retailers and more beneficial for consumers. The Consumer Financial Protection Bureau has capped late fees at $8, below the industry average … Read more

Top Credit Card Campaigns and Benefits for April 2024: Interest-Free Installments and More

Top Credit Card Campaigns and Benefits for April 2024: Interest-Free Installments and More

We have passed March and now it is our turn to face the fourth month of the year, where we have the first payment of contributions. Many will also begin receiving their tax refunds. To better cover our expenses, we share our guide to campaigns and benefits for purchases in interest-free installments with credit cards … Read more

Biden’s ‘Strike Force’ Aims to Lower Credit Card Late Fees

Biden’s ‘Strike Force’ Aims to Lower Credit Card Late Fees

Credit card late fees could be lowered by Biden ‘strike force’ Credit Card Late Fees Could be Lowered by Biden ‘Strike Force’ What did the settlement say? Visa and Mastercard have agreed to a settlement with U.S. merchants that promises to lower the fees stores have to pay to process credit card payments. As part … Read more

Texas Judge Rules in Favor of Consumer Financial Protection Bureau’s Lawsuit Against Banking Industry Groups

Texas Judge Rules in Favor of Consumer Financial Protection Bureau’s Lawsuit Against Banking Industry Groups

Texas Federal Judge Accuses Banking Industry Groups of Venue Shopping Texas Federal Judge Suspects Venue Shopping in Lawsuit Against CFPB In a significant development, a Texas federal judge has accused major banking industry groups and the U.S. Chamber of Commerce of engaging in venue shopping in their lawsuit against the Consumer Financial Protection Bureau (CFPB). … Read more

New $8.00 USD Late Fee Limit for Credit Cards Approved by Biden Administration to End Junk Charges

New .00 USD Late Fee Limit for Credit Cards Approved by Biden Administration to End Junk Charges

In the United States, more than 45 million people are charged a late fee on their credit card payments. This was confirmed by the Consumer Financial Protection Bureau (CFPB), who noted that debts exceeded the record figure of one trillion dollars. In this sense, the Biden Administration has approved new regulations to establish a limit … Read more

New measures for payments with credit and debit cards: what changes this week | ID will not be necessary

New measures for payments with credit and debit cards: what changes this week |  ID will not be necessary

From this Tuesday two will begin to govern fundamental changes in payments with credit, debit and prepaid cards: on the one hand, It will no longer be necessary to present ID or other document to prove identity; and also lPlastics can only be handled by the client, never by employees.. In the case of a … Read more