Details Written by: RJ CNBC is reporting on an American Express settlement with the DOJ American Express will pay a total of about $230 million to resolve federal wire fraud investigations, and to settle civil allegations of deceptive marketing, the company said Thursday. Separately, the banking giant will pay $108.7 million to resolve civil…
Details Written by: RJ New reporting from MacRumors states Apple is in talks with three banks to potentially become the new home of Apple Card Barclays Synchrony Chase Talks with Barclays started a few months ago and are still ongoing, likely a ways away from a deal. Chase of course has been kicking the can…
Details Written by: RJ In a recent Reuters interview, Goldman Sachs top boss says the Apple Card contract could end early: “We have a contract with Apple to run that partnership until 2030, although there’s some possibility that it won’t continue until that time frame,” Solomon told analysts on an earnings call. MacRumors Thoughts Don’t…
Details Written by: RJ WASHINGTON, D.C. – Today, the Consumer Financial Protection Bureau (CFPB) sued Capital One, N.A., and its parent holding company, Capital One Financial Corp., for cheating millions of consumers out of more than $2 billion in interest. The CFPB alleges that Capital One promised consumers that its flagship “360 Savings” account provided…
Details Written by: RJ In a recent interview about cutting mortgage operations, Ally Banks top boss also tossed in a hint at credit cards: Rhodes also indicated in December that the credit-card business wasn’t a core focus for the bank. In an email to Banking Dive, Gilchrist said Ally was exploring “strategic alternatives” for its…
Details Written by: RJ The CFPB has implemented a rule that will remove medical debt from credit reports: WASHINGTON, D.C. – Today, the Consumer Financial Protection Bureau (CFPB) finalized a rule that will remove an estimated $49 billion in medical bills from the credit reports of about 15 million Americans. The CFPB’s action will…
Details Written by: RJ The American Express Business Platinum card has added a new credit. There’s now a $200 Hilton credit available. Cardholders must enroll in the credit and signup for Hilton Business. The credit is the standard Amex format, $50/quarter and doesn’t roll over. The credit is triggered by booking directly and paid as…
Details Written by: RJ The CFBP has an interesting article about the devaluation of rewards points. Today’s circular warns that companies may violate federal law when they: Devalue earned rewards: Consumers make decisions on whether to open or use a credit card based on the value of card benefits and rewards conveyed by a company’s…
Details Written by: RJ Chase Q1 2025 5x categories: Norwegian Cruise Lines Grocery Stores (excluding Walmart and Target) Fitness Clubs & Gym Memberships Hair, Nails & Spa Services For the 15th anniversary of the Freedom card Chase is adding bonus categories each quarter: Valid 3/1/25 – 3/31/25. The $1,500 cap still applies Insurance payments Tax…
Details Written by: RJ Alaska Airlines is planning a new higher end credit card next year: Details Experience more with 3X miles on all eligible dining purchases3, unique currency flexibility, and same-day confirmed fee waivers. Elevate your journey with Alaska Lounge passes, Wi-Fi vouchers, accelerated paths to elite status, and an innovative travel disruption program.…