Ethan Preston is an attorney in Chicago practicing IT security law. In an email to Payments News, he writes:

I've collected some of the pleadings in the PSECU v. BJ's Wholesale case and written them up.

Reuters reports on preliminary figures released Friday by the US Department of Commerce reporting Internet retail sales rose 23.8 percent in the first quarter to $19.8 billion while total retail sales grew 7.3 percent. E-commerce accounted for 2.2 percent of total retail sales in the first quarter. The complete quarterly report along with lots of earlier reports is available online.

David Lazarus writes in the San Francisco Chronicle about legislation introduced last week by California Sen. Dianne Feinstein that would require credit card issuers to provide additional disclosures regarding monthly payments.

The real bite of the legislation comes in a separate provision. It stipulates that if a customer makes minimum payments for six straight months, the card issuer must offer an individual projection so the cardholder knows exactly how much and how long it'll take to crawl out of debt.