Blog and News

The most recent blog posts from our BC experts.

Posted By: Jordan Grimmer  |  October 28, 2015

In the wake of a recovering economy and increased bank lending standards, fewer and fewer people are applying for and using credit cards, making the switch to debit cards or cash as their preferred method of payment. According to a 2014 Gallup poll, 29% of the US population doesn’t own a credit card—that’s just over 92 […]

Posted By: jjensen  |  July 21, 2015

Today, the Consumer Financial Protection Bureau (CFPB) ordered Citibank and its subsidiaries to pay $700 million in consumer relief. This charge comes from deceptive credit card marketing – specifically related to add-on products and services. The services that are now under investigation include protection products and credit monitoring. However, these products were misrepresented through Citi’s marketing. Citi […]

Posted By: jjensen  |  June 11, 2015

  It may be comforting to know that if your credit card is stolen or hacked, most companies will not hold you liable. This is great news for the consumer, but bad news for credit card companies. Every year, credit card companies in the U.S. lose billions of dollars to fraud. And these numbers are only […]

Posted By: Kate Ward  |  April 14, 2015

A wallet can say a lot about it’s owner. It can provide personal details about your life with a driver’s license and help give insight into where you like to eat with frequent dining cards. Some wallets carry pictures or school IDs, others cash and coins. Regardless of what else your wallet contains, it is […]