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Banks Can Charge Over 30% Interest On Credit Card Dues: Supreme Court
Banks can charge over 30 per cent on credit card dues from customers after the Supreme Court set aside a sixteen-year-old National Consumer Disputes Redressal Commission verdict.
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Banks Can Charge Over 30% Interest On Credit Card Dues: Supreme Court
Banks can charge over 30 per cent on credit card dues from customers after the Supreme Court set aside a sixteen-year-old National Consumer Disputes Redressal Commission verdict, which held charging excessive interest rates.
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Experts Warn Of Gen Z's Growing Debt Crisis As Cost Of Living Surges: Report
Gen Z, the generation born between 1997 and 2012, is accumulating debt faster than any other age group, largely due to rising living costs and the lingering effects of the COVID-19 pandemic.
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Crypto Lender BlockFi Attracts Bid from Curve On Over 87,000 Suspended Card Holders
Curve payments company is looking to purchase over than 87,000 credit card customers from BlockFi crypto lender whose credit cards have been suspended this November. If Curve’s acquisition deal comes through, it will continue to allow users to earn crypto awards. The company has also said that the users will not be ported to yet another centrally...
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Missed A Credit Card Payment Due Date? Know How You Will be Charged
A credit card issuer can make changes in the late payment charges and other fees only after giving a prior notice of at least a month to the credit card holders.
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RBI Bars Fintech Companies From Loading Cards Using Credit Lines: 10 Points to Understand the Move
The Reserve Bank of India (RBI) has issued a notice to all non-bank entities offering payment instruments to restrict them from loading instruments including prepaid cards using credit lines. Fintech companies are currently assessing the situation.
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Apple Stops Accepting Debit, Credit Cards for Subscriptions, App Purchases in India
Apple has stopped accepting card payments for subscriptions and app purchases using Apple ID in India and is giving UPI and netbanking as two payment options.
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Twitch Says Breach Due to Server Configuration Change, User Logins and Payment Information Not Exposed
Twitch has released an update on its site claiming that the breach was due to a change in server configuration. The company says that Twitch does not store full credit card numbers, therefore sensitive payment information was not exposed. It adds, “We have no indication that login credentials have been exposed. We are continuing to investigate....
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ICICI Bank Allows Customers To Pay Credit Card Dues Via iMobile Pay App
ICICI Bank on Monday announced that it has enabled its savings account holders to pay and manage dues of credit cards of any bank instantly using the lender's mobile application 'iMobile Pay'.
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RBI Allows HDFC Bank To Issue New Credit Cards: Report
RBI has allowed HDFC Bank to issue new credit cards, months after it curbed some of the lender's operations due to outages in its digital payment services.
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Mi 11 Ultra Limited Quantity Sale Kicks Off From July 7 at 12 Noon
Mi 11 Ultra limited quantity sale will start on July 7 at 12pm (noon), Global VP of Xiaomi Manu Kumar Jain has announced on Twitter. The phone was launched in India in April and due to “circumstances beyond our [Xiaomi’s] control,” there was a delay in shipments of the phone and thus there was no sale date.
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Citigroup Profit Triples On Reserve Release
Total revenue fell seven per cent to $19.3 billion on low interest rates and a 10 per cent decline in loans, largely due to lower consumer credit card loan balances
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Will Your Credit Card Dues Be Covered In COVID-19 Loan Relief? Read This
The credit of relief in loan accounts will arrive days ahead of Diwali, as the country prepares for the ongoing festive season, normally a preferred time for consumers to make new purchases.
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RBI Asks Lenders To Implement Waiver Of Interest On Interest Scheme By November 5
Housing loans, education loans, credit card dues, auto loans, MSME loans, consumer durable loans and consumption loans are covered under the scheme.
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Railyatri Security Flaw Could Have Exposed Debit Cards, UPI Data of 7 Lakh Passengers: Report
RailYatri was reportedly left exposed due to inadequate security measures, that could have compromised the data of lakhs of users. Due to an unsecured server, the ticket-booking platform accidentally exposed personal information of over 7 lakh passengers. This includes full names, phone numbers, addresses, email IDs, ticket booking details, and par...
-
Banks Can Charge Over 30% Interest On Credit Card Dues: Supreme Court
Banks can charge over 30 per cent on credit card dues from customers after the Supreme Court set aside a sixteen-year-old National Consumer Disputes Redressal Commission verdict.
-
Banks Can Charge Over 30% Interest On Credit Card Dues: Supreme Court
Banks can charge over 30 per cent on credit card dues from customers after the Supreme Court set aside a sixteen-year-old National Consumer Disputes Redressal Commission verdict, which held charging excessive interest rates.
-
Experts Warn Of Gen Z's Growing Debt Crisis As Cost Of Living Surges: Report
Gen Z, the generation born between 1997 and 2012, is accumulating debt faster than any other age group, largely due to rising living costs and the lingering effects of the COVID-19 pandemic.
-
Crypto Lender BlockFi Attracts Bid from Curve On Over 87,000 Suspended Card Holders
Curve payments company is looking to purchase over than 87,000 credit card customers from BlockFi crypto lender whose credit cards have been suspended this November. If Curve’s acquisition deal comes through, it will continue to allow users to earn crypto awards. The company has also said that the users will not be ported to yet another centrally...
-
Missed A Credit Card Payment Due Date? Know How You Will be Charged
A credit card issuer can make changes in the late payment charges and other fees only after giving a prior notice of at least a month to the credit card holders.
-
RBI Bars Fintech Companies From Loading Cards Using Credit Lines: 10 Points to Understand the Move
The Reserve Bank of India (RBI) has issued a notice to all non-bank entities offering payment instruments to restrict them from loading instruments including prepaid cards using credit lines. Fintech companies are currently assessing the situation.
-
Apple Stops Accepting Debit, Credit Cards for Subscriptions, App Purchases in India
Apple has stopped accepting card payments for subscriptions and app purchases using Apple ID in India and is giving UPI and netbanking as two payment options.
-
Twitch Says Breach Due to Server Configuration Change, User Logins and Payment Information Not Exposed
Twitch has released an update on its site claiming that the breach was due to a change in server configuration. The company says that Twitch does not store full credit card numbers, therefore sensitive payment information was not exposed. It adds, “We have no indication that login credentials have been exposed. We are continuing to investigate....
-
ICICI Bank Allows Customers To Pay Credit Card Dues Via iMobile Pay App
ICICI Bank on Monday announced that it has enabled its savings account holders to pay and manage dues of credit cards of any bank instantly using the lender's mobile application 'iMobile Pay'.
-
RBI Allows HDFC Bank To Issue New Credit Cards: Report
RBI has allowed HDFC Bank to issue new credit cards, months after it curbed some of the lender's operations due to outages in its digital payment services.
-
Mi 11 Ultra Limited Quantity Sale Kicks Off From July 7 at 12 Noon
Mi 11 Ultra limited quantity sale will start on July 7 at 12pm (noon), Global VP of Xiaomi Manu Kumar Jain has announced on Twitter. The phone was launched in India in April and due to “circumstances beyond our [Xiaomi’s] control,” there was a delay in shipments of the phone and thus there was no sale date.
-
Citigroup Profit Triples On Reserve Release
Total revenue fell seven per cent to $19.3 billion on low interest rates and a 10 per cent decline in loans, largely due to lower consumer credit card loan balances
-
Will Your Credit Card Dues Be Covered In COVID-19 Loan Relief? Read This
The credit of relief in loan accounts will arrive days ahead of Diwali, as the country prepares for the ongoing festive season, normally a preferred time for consumers to make new purchases.
-
RBI Asks Lenders To Implement Waiver Of Interest On Interest Scheme By November 5
Housing loans, education loans, credit card dues, auto loans, MSME loans, consumer durable loans and consumption loans are covered under the scheme.
-
Railyatri Security Flaw Could Have Exposed Debit Cards, UPI Data of 7 Lakh Passengers: Report
RailYatri was reportedly left exposed due to inadequate security measures, that could have compromised the data of lakhs of users. Due to an unsecured server, the ticket-booking platform accidentally exposed personal information of over 7 lakh passengers. This includes full names, phone numbers, addresses, email IDs, ticket booking details, and par...
