Credit Cards Transfer Money From Poor To Rich Households: Study

What's Your Reaction? Credit cards do more than drain money from your wallet -- they may actually create an "implicit money transfer" from the poor to the rich, according to a new study from the Boston Federal Reserve.

Lessons from my worst money blunders: credit card emergency fund

Depending on credit cards for emergencies can land you deep into debt quickly. Putting just a little bit away each month instead could save you from financial crisis.

Do Credit Cards Siphon Money From the Poor to Rich?

A recent study published by the Federal Reserve Bank of Boston paints a revealing portrait of "reverse wealth distribution" perpetrated by credit card companies. Together, rewards programs (which encourage cardholders to buy frequently to rack up points to get cash back) and merchant fees (a 1-2 percent transaction fee imposed on credit card purchases) combine to create a consumer environment ...

Credit Cards For Bad Credit

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MP slams prepaid credit cards in House of Commons

Labour MP Geraint Davies has presented a bill in the House of Commons demanding an end to anonymous prepaid credit cards and proposing fines for credit card companies whose products are used to purchase child abuse images.