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Today's News About Credit Cards


* Related Definitions, Terms and Acronyms:
  • Fair Credit Reporting Act (FCRA) - an American federal law regulating the collection, dissemination, and use of consumer credit information.
  • Bank - an institution that provides financial services, especially taking deposits and extending credit (e.g., loans).
  • Compounding - to compute interest on the principal and accrued interest together, rather than on the principal alone.
  • Smart card - any pocket-sized credit card or similar card with embedded integrated circuits.
  • Credit card system - a type of retail transaction settlement and credit system, named after the small plastic card issued to system users. A credit card is different from a debit card in that the credit card issuer lends the consumer money rather than having the money removed from an account.

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