The government of Australia will release legislation later this month for new national laws to curb predatory and irresponsible lending. The proposed new laws will apply to every form of financial service in Australia, including banks, credit unions and pay-day lenders.

It’s hard to imagine any financial company that is continuing to grow in this tough economy, but Revolution Money continues to grow despite the recession possibly turning Revolution Card as the next big credit card services provider.

Credit card companies are lowering the limits of credit debt to minimize their exposure to risk. This in turn enforces new rules of how you need to manage your credit card debt and control spending.

Apacs, the credit card industry representative of the United Kingdom, yesterday reported that the credit card fraud and credit identity theft is up in UK and world wide. Consumers need to be careful and watchful how and when to use their credit cards.

According to CNN Amex is paying customers $300 to cancel their credit cards.

For many Americans, the holiday shopping season officially begins on "Black Friday," the day after Thanksgiving. At a time when many consumers are worried about paying for even their most basic needs, it's tempting to use credit to buy holiday presents. Many credit card companies know that, and are using the season to offer credit insurance for your account.

AARP Credit Card members Carry One Card, Earn Point of Sale Discounts with Avis; Additional Merchants to be Added

American Express didn’t see any of the $700 billion financial bailout package to help reverse their deteriorating consumer credit quality. But, on November 10th, the Federal Reserve approved their application to become a bank holding company in an effort to put American Express on the same financial playing field as their rivals.

Could the credit card crisis be the next big issue in this big financial crisis leading to credit card bailout? How Wall Street bailout is affecting Credit Card applications?

New research by the University of Warwick reveals that many credit card customers become fixated on the level of minimum payments given on credit card bills. The mere presence of a minimum payment is enough to reduce the actual amount many people choose to pay on their bills, leading to further interest payments.

There's been a lot of press relating to the 40 million card breach and the subsequent arrest of the Hacker's 11. In fact, I've done several posts on it myself.

Just to be clear, while this credit card heist will likely forever be know as the TJX case, it only started with TJX, and eventually spread to eight other retailers, including TJX Cos, BJ's Wholesale Club, OfficeMax, Boston Market, Barnes & Noble, Sports Authority, Forever 21 and DSW.