Credit Cards

Credit Cards

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Debt protection and credit insurance products can cancel or suspend part or all of a credit card debt under specific circumstances, such as loss of life, disability, or involuntary unemployment. This report reviews these products' market share and characteristics, federal and state oversight, and advantages and disadvantages to consumers. The report analyzed data it had requested on these products from three major credit insurers and the nine largest credit card issuers. These nine issuers represented 85% of the credit card market. The report also reviewed the products' terms and conditions, related marketing materials, and applicable federal and state regulations. Charts and tables. This is a print on demand report.Because most major credit card issuers are structured as depository institutions, federal banking regulators oversee their ... Chase Bank USA, N.A.; Capital One; HSBC; Wells Fargo Bank, N.A.; and U.S. Bancorp.11 FDIC oversees Discover, which operates as a state-chartered bank. ... Both state and federal banking regulators review those institutionsa#39; compliance with federal lending laws and otheranbsp;...

Title:Credit Cards
Author:Alicia Puente Cackley
Publisher:DIANE Publishing - 2011-06-01


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