It appears some bank have not learnt from the financial crisis. Perhaps they enjoy taking risks and have forgotten the difference between a well calculated risk from an irresponsible one. Read the rest of this entry »
Archive for category Financial News
The Credit Card Law: Credit Card Accountability, Responsibility and Disclosure Act will be implemented step by step between August this year to August 2010. The law contains 13 main executive directives. These are as follows:
Though innovations in card payment systems are improving security, research by two Cambridge students calls for more caution from card users. This is not usually welcome from the banks but it is good for them to realize the weaknesses in their system and be more proactive to address them.
Thousands of drivers in London who have been slapped with an additional 1.3% on parking for paying by credit card could heave a sigh of relief as the fees have now been declared illegal by the Parking and Traffic Appeals Service (Patas).