Big Dogs of U.S. Credit Cards Get Meaner Not Leaner as American Express Cowers

The largest U.S. bank (general purpose) credit card issuers are currently growing by 9% year over year, approaching $400 billion, according to CardData.com.  The Top 4 issuers include: Chase, Capital One, Bank of America and Citibank. For consumers this means more concentration and less competition in the U.S. credit card business and thus possibly higher…

Thingamabob to Secure Internet of Things in Your Castle Desperately Needed

The Internet of Things has billions of everyday objects sending and receiving data over the internet like health and fitness monitors, home security devices, connected cars and household appliances. It holds many potential benefits for consumers, but also raises numerous privacy and security concerns that could undermine consumer confidence.  The Federal Trade Commission is challenging…

Scammers Salivating Over Tax Refund Delays to Loan Shark for Tax Refunds

Scumbags will be crawling out of the woodwork this tax season to steal your identity to file fraudulent tax returns and to prey on taxpayers waiting for a delayed refund under the new tax law.  The nation’s pioneering consumer advocacy organization is today issuing a warning for consumers about identity thieves filing fraudulent claims in order to steal…