Bronx man charged with fraud after bag of credit cards found in rental car at JFK

Bronx man charged with fraud after bag of credit cards found in rental car at JFK
15, according to police, the suspect rented a 2014 Dodge Charger from Enterprise rental car at JFK airport with forged identification and a fraudulent credit card. Police said the car was never returned. It was found parked near the suspect's home and …
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Police seek suspects in credit card fraud
West Des Moines police are seeking the public's help to identify two suspects in a stolen credit card investigation. Since Monday, four separate victims have reported their wallets and credit cards were stolen from purses left unattended at local …
Read more on DesMoinesRegister.com

Cost of CreditCard Fraud Is Set to Shift
A change that is putting new credit cards in many Americans' wallets will also shift billions of dollars of card-fraud liability to retailers from big banks. Merchants are scrambling to deal Thursday with the end of a longtime policy in which financial …
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Developing Credit Without Credit Cards

How to Build Credit Without Credit Cards
But whether you don't trust your self with bank cards or just don't would like them, you really need to want good credit. All things considered, in the event that you care purchase a residence or a car, but can't manage big-ticket expenditures without that loan, you won't get the lowest interest if …
Find out more on U.S. News & World Report

A Nightmare Situation for the Beginner Loan System
Once more, not one for this is bad per se, from a consumer standpoint. But by hooking up with companies, student loan refinancers stand-to get a huge number of no-cost marketing and new business. And as the power gets to be more widespread, imagine a …
Find out more on Slate Magazine (web log)

Consumer Alarm: Minmise Your Child's Risk of Identity Theft
“Children in many cases are a target for identity thieves as they do not have a credit score and because loan providers are more likely to give credit to someone with no credit score than bad credit score,” lawyer General Caldwell said. “A youngster is …
Read more on MyArkLaMiss (press release) (blog)

Floridians complain about credit cards more than average

Floridians complain about credit cards more than average
Only the District of Columbia and four states in the Northeast — Delaware, New Jersey, New York and Rhode Island — had higher rates of credit card complaints than Florida. Wyoming had the lowest rate: 1.4 complaints per 100,000 residents. Floridians …
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Police say man used stolen credit cards and IDs to spend thousands on hotel
A man from California was arrested in Baton Rouge on dozens of charges after police said they found "a stack of credit cards" in a hotel room paid for with a stolen credit card. The Baton Rouge Police Department reported Avriste West, 39, of Oakland, …
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Most Impressive Credit Cards

Credit cards are one of several types of payment cards in the marketplace along with debit cards, ATM cards, Charge cards, Stored-value card and Fleet card. They are popular nowadays and convenient for customers. With a small, embossed plastic credit card, people can purchase anything from food and clothes to furniture without bringing a big amount of money in their bag. 

 

There are many different credit cards with special and beautiful designs around the world. Here are eight of the most impressive credit cards. Some of them are made of unique materials while others feature strange appearances.

 

Estonian Otto de Voogd used the famous Firefox logo for his new credit card design as he gave out a special offer from his bank named SEB Eesti Ühispank. Users can upload an image through a web interface and they will create a custom bank or credit card from the style. They can pick up the card from the bank a few days later. 

Otto de Voogd is a fan of firefox. He has made Firefox bankcards

This strange transformers visa can be found only in Japan

Visa designers from all over the world have created one hundred beautiful credit cards for Epos International of Japan. The credit card with chocolate sample seems to be the most delicious one.

Users can stop a bullet with this card because it was made of pure titanium

The Dubai First’s Royale MasterCard itself is so impressive with an embedded diamond in the center. It is definitely that making this card is worth more than most charges

If you are a fan of Futurama, you have already known this personalized Futurama credit card. This card can be used every time you buy something, but the cashier will always wonder about its mean

World of Warcraft is a popular game with millions of players nowadays. There is even a World of Warcraft Visa credit card for the World of Warcraft players.

This card looks simple, but it is a disguised USB 2.0 Flash Drive. It can store 8GB of data, so our files will not be lost or stolen.

 

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Prepaid Cards Offer Limited Advantages Even With Impending Regulation



The Consumer Financial Protection Bureau is set to regulate the prepaid card industry in 2015, after a period of public comment that ended recently.(1) The changes will provide better protection for prepaid card users, in particular “unbanked” consumers whose transactions are limited to prepaid cards and cash—an estimated $ 100 billion in transactions in 2014 according to the CFPB.(2) Yet, still to be addressed is the fact that prepaid cards are a dead-end for building one’s financial future through building good credit.

Prepaid cards are preloaded with funds by an employer or other payer, or purchased directly by the consumer, who can then fund the card. But what advantage does a prepaid card offer the consumer? A prepaid card is a simple convenience – they are convenient to carry and useful for making online purchases. But the utility ends there.

Using a prepaid card is like paying with cash, offering the consumer no ability to establish a credit history. In fact, many prepaid cards lack security features. While the CFPB hopes to regulate better transparency about what prepaid card issuers do and don’t cover, currently these cards fall into a “buyer beware” category. It is up to consumers to understand what, if any, security features their prepaid cards provide against loss, theft and unauthorized use of funds.

A credit card, on the other hand, offers the consumer flexibility, fraud and loss protections, and the ability to build on their credit history. The amount a consumer is allowed to borrow is related to his/her creditworthiness; the more a consumer borrows and pays back responsibly, the more that person’s creditworthiness increases.

Building good credit is essential to qualify for loans to purchase a car or a house, as well as making large purchases more affordable—the better the credit, the lower the interest rates. A good credit history can also be the determining factor in getting an apartment or a job, since landlords and employers often check an applicant’s credit. Additionally, credit cards are available to fund unexpected costs, borrowing against future paydays when there may not be enough cash at hand to cover a financial emergency.

A secured credit card offers all the flexibility, convenience and protections of a regular credit card, as well as a great way to begin building a credit history. Many secured credit card issuers don’t require a credit check, because the cardholder makes a cash deposit equal to the card’s credit limit. The amount remains a security deposit and isn’t drawn down. Be sure to choose a secured credit card that reports monthly to all three consumer credit bureaus in order to build credit history. To build good credit, consumers should use the secured credit card regularly, staying within their credit limit, making on-time monthly payments and regularly paying down or paying off the balance owed.

“It’s an important step for the CFPB to regulate the prepaid card industry so consumers get a more uniform product and a better understanding of services,” says Nick Bryan, President, OpenSky, a financial products division of Capital Bank, N.A. “But better public education is needed so consumers appreciate the implications of a having a credit history, and how a lack of credit can impact their financial future.”

About OpenSky

OpenSky is a business line of Capital Bank, N.A. that focuses on delivering credit building tools and resources to help consumers establish or re-build their credit. OpenSky credit card products are designed to be easy to get, easy to use and offer variable credit lines, allowing consumers with any financial needs to build a solid credit history. The premiere product, the OpenSky® Secured Visa® Credit Card, has been recognized by Credit.Net as one of the best credit cards for 2014 that build credit fast. With more than 50,000 cardholders and counting, OpenSky is committed to helping consumers meet their financial goals through the power of strong credit and credit knowledge.

For more information visit http://www.opensky.com.

About Capital Bank

Capital Bank, N.A., is a leading private bank in the Washington, D.C. metropolitan area that offers a range of services encompassing cash management, commercial lending, consumer credit and residential mortgage/Veterans Administration mortgage loans. Capital Bank’s core commercial banking and lending business includes two rankings by the U.S. Small Business Administration (SBA), ranked number two among community lenders and in the top ten among all lenders in the Washington Metropolitan District for loan volume for Fiscal Year 2014. With double-digit asset growth over the past three years, Capital Bank has more than $ 600 million in assets and is well positioned to fulfill its culture of collaborative partnerships and solutions for area businesses and consumers nationwide. For more information, visit http://www.capitalbankmd.com. Member FDIC. An Equal Housing Lender.

CAPITAL BANK, PARTNERS IN YOUR VISION

Sources

1. CFPB Proposes Strong Federal Protections for Prepaid Products http://www.consumerfinance.gov/newsroom/cfpb-proposes-strong-federal-protections-for-prepaid-products/

2. Ibid., paragraph 3