CHESSNOID

A couple of years ago I blogged about my personal experience with American Express and the credit card limit reduction.  I really posted it just to vent.  Since then that has been one of my most popular posts and has the most comments on this blog.  I think it is really cool for people to [...]

Last week, I mentioned that the Department of Justice is investigating American Express.  People want to know if it is in regards to Amex increasing credit card rates, lowering credit limits, or canceling the credit cards altogether.
I found a snippet that summarizes what the DOJ is looking into and why this is affecting Amex’s stock [...]

I wasn’t aware of the illegal practices from these big credit card companies being investigated by the Department of Justice. Now that they have settled, more than likely it will be business as usual.
WASHINGTON (AP) –
The Justice Department on Monday sued credit card company American Express for alleged anticompetitive practices while proposing a [...]

For the longest time banks and credit card companies have been stating that the drop in consumer credit card balances were attributed to less consumer spending.    They have tried to make it sound like it is the only cause for the dip in overall credit card portfolio balances.  The truth is most of the [...]