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Rhode Island Eyes Capping Credit Card Interest Rates

PYMNTS

In the United States, credit card balances and the interest rates charged on those balances are on the rise. In the latest data , more than $870 billion in credit card debt is outstanding in the United States. Whitehouse said, according to WPRI. Rates are “abusive,” said the senator. First of Omaha Service Corp.,

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Waze Introduces Contactless Payments At ExxonMobil, Shell Stations

PYMNTS

Waze, the popular GPS navigation app owned by Google, has introduced contactless payments for ExxonMobil and Shell card holders in the U.S. Chairman David Cicilline (D-Rhode Island) asked Pichai if Google has evolved from a turnstile to the rest of the web to a walled garden that increasingly keeps users within its sites.

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Using Debit Cards To Bridge The Stimulus Accessibility Gap

PYMNTS

Consumers are also changing how they pay for their purchases, with a recent study finding that debit card spend was up 11.7 Consumers today are especially likely to use their debit cards for their eCommerce purchases or to make in-store purchases with mobile wallets, and card-not-present (CNP) transactions represented 43.1

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Citizens Hits Back at CFPB’s Lawsuit Over Credit Card Dispute Failings

Banking Exchange

The Rhode Island-based bank says legal action from the consumer regulator is “unwarranted” and ignores previous remedial work Consumer Credit Compliance Customers Cards CFPB Compliance/Regulatory Consumer Compliance Community Banking Feature3 Feature.

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CFPB Sues Citizens Bank For Violating Truth In Lending Act

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District Court for the District of Rhode Island. The CFPB said that Citizens Bank neglected to follow the rules for years by failing to properly manage credit card disputes. Citizens Bank reportedly failed to send customers proper notice of billing errors — the required acknowledgment letters or denial alerts.

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Russell E. Hogg, Former Mastercard President, Dies At 91

PYMNTS

He was also instrumental in introducing the company’s “global family of products,” which included the Travel Check, Smart Card, Gold Card and the Debit Card. The Gold Card was named the world’s best in 1987. A true icon in American business, Russ changed the course of the credit card industry forever.

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Mastercard And BJ’s To Offer A ‘Priceless’ Boston Experience

PYMNTS

The credit card company and retail wholesaler announced on Tuesday (Aug. 2) that they are running a contest to reward shoppers who pay with Mastercard credit, debit or prepaid cards at BJ’s locations in Rhode Island, New Hampshire, Maine and Massachusetts. The prize?

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