government crackdown credit card abuses

Refunds Coming for Some Credit Card Holders

Posted on 12/18/2012 by |Money and Work | Comments

Bulletin Today | Money & SavingsIf you’re a Discover, American Express or Capital One credit card holder, you may see your balance shrink in the coming months. And not because you dutifully paid down debt. Those three companies are refunding a whopping $435 million to some 6 million customers  between now and March, thanks to the government crackdown on deceptive credit card practices. Don’t worry about filling out complex paperwork to collect. A credit will show up on your statement if you’re a current cardholder. Checks will go out in …