Credit cards News

Moscow - A Russian man scanned a commercial credit card agreement and changed the terms of contract in his favor. After returning it signed to the lending bank, they failed to notice the trick and now a Russian court has backed him up.

San Diego - According to a recent survey, young adults are carrying more credit card debt and taking longer to pay it back. Why so much debt, and what's the solution to paying it down?

The Chief Justice of the United States Supreme Court John Roberts recently revealed that he was the victim of credit card information theft.

New York - American Express is introducing a new service on Twitter that allows its customers to make purchases through specialized tweets. The new feature is called "Amex Sync" and by including a special hashtags, consumers can purchase items.

This week a new rule comes into effect that may impact how often you use your credit card. As of Sunday, stores in most U.S. states are permitted to charge customers a "checkout fee" when paying by credit.

Toronto - It's less than week away until Santa Claus comes down that chimney to deliver gifts for Christmas. Question: how did Santa Claus pay for all those presents? Let's hope it wasn't with a credit, otherwise he'll be in serious trouble.

Ottawa - A new report from Statistics Canada has found that consumer debt levels have hit an all-time high in the third quarter of 2012. The debt-to-disposable-income ratio stood at 164.4 percent, up from 163.3 percent in the previous quarter.

A security researcher has uncovered a type of malware being used to directly steal credit card payment information straight from point-of-sale terminals at retailers, hotels and other places of business.

Calgary - A student in Canada was upset over a new fee tagged on by his college. The additional fees for the upcoming semester were added on to tuition costs for students that planned to pay by credit card. His solution was to pay the tuition, in full, in coins.

The debt crisis has taken on a very personal face for the average American family. This piece takes a critical look at the situation faced by an average household every month, and the situation faced by a nation drowning in its own debt.