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Credit Cards

BUSINESS
April 3, 2012 | E. Scott Reckard and Tiffany Hsu, Los Angeles Times
Information stolen from as many as 1.5 million credit card accounts is the latest in a long line of data breaches — and an alert for consumers to monitor their accounts for fraudulent purchases, industry watchdogs say. The latest major breach, reported late last week at Atlanta payments processor Global Payments Inc., resulted in no known consumer fraud as of Monday morning, Chief Executive Paul R. Garcia said in a conference call with analysts....
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BUSINESS
August 7, 2008 | From Times Wire Services
About 1,500 people who bought tickets from Alaska or Horizon airlines have been notified their credit cards were misused. Alaska Air says a call center employee diverted some payments to a personal account.
TRAVEL
April 6, 2013 | Los Angeles Times
If you and your spouse are traveling together and your credit cards are from a joint account, one spouse should carry one card and the other spouse a different one. That way, if one of you has a purse or wallet stolen, the other still has a usable credit card for the rest of the trip. Ginny Gibbs Woodland Hills For your return from a foreign trip, be sure that all your purchases are packed in your own luggage. Do not share with anyone else; you must go through customs with all your purchases Jeri Taylor Indio When things go well, praise the person who has provided good service.
BUSINESS
August 20, 2009 | Don Lee and W.J. Hennigan
New federal protections for credit card users go into force today, but in advance of the tougher rules, banks have been raising fees and interest rates -- hoping to ensure that one of their historically most lucrative businesses remains that way. Since Congress approved the landmark credit card overhaul legislation last spring, many issuers of plastic have jacked up interest rates, switched accounts from fixed to variable rates, and raised annual...
BUSINESS
September 15, 2004 | From Reuters
U.S. regulators warned banks against some types of credit card marketing, calling them potentially unfair or deceptive. In an advisory letter, the Office of the Comptroller of the Currency told banks not to promote credit cards advertising credit limits up to a specified dollar amount to customers with limited or poor credit histories.
CALIFORNIA | LOCAL
August 12, 2002 | From Times Staff Reports
The Ventura College of Law will present a free forum on credit cards and fraud Aug. 27. "Credit Cards and Identity Theft," to be presented at 6:30 p.m., will review the terms and transaction fees imposed by credit card issuers. Participants will learn how to shop around for the best deals, limit financial loss if cards are lost or stolen, and avoid credit card fraud and other scams. There also will be advice on preventing identity theft and how to correct credit history if victimized.
BUSINESS
January 9, 2004 | From Associated Press
Consumers used their credit cards less in November, but they couldn't say no to automobile purchases. The Federal Reserve reported that consumers increased their borrowing by $4 billion, or an annual rate of 2.4%, in November, pushing up their total debt to $1.99 trillion. Most of the borrowing was in nonrevolving credit, which includes new cars, vacations and education. That borrowing rose by $4.6 billion, or a rate of 4.4%.
TRAVEL
June 29, 1997
Americans' ability to use their credit cards to avoid paying extra for collision insurance from car rental companies abroad is being whittled away on two fronts. Citing "an unusually high incidence of claims" in Jamaica, Ireland and Israel, American Express this month stopped insuring rental cars in those countries. Spokeswoman Gail Wasserman said that there are no current plans to eliminate more countries but that a review is done annually. Two years ago, the firm dropped coverage in Italy.
BUSINESS
September 27, 1991 | DENISE GELLENE, TIMES STAFF WRITER
Ameritech on Thursday became the first--but probably not the last--of the Baby Bells to offer a credit card similar to a highly successful one marketed by its former parent, American Telephone & Telegraph. The Ameritech card is a Mastercard and, as with AT&T's Universal card, it doubles as a telephone calling card. It is available to Ameritech's 10 million residential customers in Indiana, Illinois, Michigan, Ohio and Wisconsin.
NEWS
September 1, 1988 | LYNN SIMROSS, Times Staff Writer
As students arrive on college and university campuses across the country this week and next, they will find an opportunity to sign up for more than classes, activity cards and parking spaces. They will be offered credit cards--American Express, Discover, VISA and MasterCard. The pitch is pervasive. Credit card applications are available in college bookstores and in retail shops and bank branches near campuses. They are placed in shopping bags with purchases.
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