A private, for profit college chain expected most of its students wouldn’t finish their degrees, and nearly two-thirds would default on loans, allowing the school to keep millions in federal tuition aid while charging students 16 percent interest, a federal watchdog alleged Thursday. “(It’s) like financing your college education on [Keep reading]
If you are the type to hoard airline miles, it’s time to abandon that strategy. ASAP. Plan that big European vacation you were dreaming about. Buy some goofy electronics you don’t need with points. Gift them to family members. Nature gives us only a few absolute laws: things like gravity, [Keep reading]
Young adults have fewer credit cards and used them less often that older consumers, a new study as found. A rising number are avoiding plastic altogether, although some may find using personal installment loans useful to them. Credit bureau Experian says so-called millennials — adults under 30 — carry 40 [Keep reading]
Let’s be absolutely clear about this: No credit card company can barge into your home uninvited and demand payment for a debt. In fact, a company can’t even call you, once you tell it to stop. The vile, reprehensible contract that Capital One is apparently sending out to consumers is [Keep reading]
I have plenty of thoughts about today’s Senate Judiciary hearing credit card hacking hearing, where Americans heard for the first time directly from executives at Target and Neiman Marcus. I’ll get to them in the next day or two. But this caught my eye from the testimony of Neiman Marcus Chief [Keep reading]
Executives from Target and Neiman Marcus will face a public grilling on Tuesday as they are scheduled to testify before the Senate Judiciary Committee. I’ll be there, running back and forth between the hearing and a TV camera, where I’ll be translating the corporate-speak we’ll be hearing. Officials from Consumers [Keep reading]
With all the stories of major retailers losing millions of credit card account numbers, you are probably scouring your monthly bills looking for fraudulent charges like a $700 plane ticket or $600 television you didn’t buy. That might be a big mistake. One common way credit card hackers steal commit [Keep reading]
Neiman Marcus on Thursday released several details about its Target-like credit card hacking incident, including these key points: Hackers had access to their systems from July 16 to Oct. 30. A malicious program attempted to “scrape” payment card information during that time frame Between those two dates, about 1.1 million [Keep reading]
GE Capital, Capital One, and Barclays top the list of credit card issuer complaint targets, according to a study released Tuesday by the Public Interest Research Group. Among the top 10 targets, American Express received the fewest complaints, with U.S. Bancorp attracting the second-fewest. The study examined the number of [Keep reading]
Target has begun to e-mail victims of its data leak, and has launched a website that will allow consumers to sign up for free credit monitoring. Consumers can visit CreditMonitoring.Target.com right now and begin the process of signing up for credit monitoring. The firm is taking the added step of [Keep reading]
Bob Sullivan