The Advanta Corporation has announced that effective on May 30, 2009, all accounts will effectively be closed.  This means that no further activity will be allowed on any existing accounts, whether they be purchases, balance transfers, or via convenience checks.  While no account will be allowed to incur new charges, none of the accounts are [...]

A federal lawsuit brought against Visa-, Mastercard-, and Diners Club-branded credit cards was recently settled, pending federal approval.  Some of the named defendants include Visa, MasterCard, Diners Club, Bank of America, Bank One/First USA, Chase, Citibank, MBNA, HSBC/Household, and Washington Mutual/Providian while American Express is named in a seperately filed and still pending case.  The [...]