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SUNDAY, NOVEMBER 22, 2009
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NEWS ABOUT: credit card accounts

credit card accounts stories: 7 news summaries


 What Not to Put on Plastic 


Jul 12, 09 5:57 AM CDT
(Newser) - Credit card companies know more about you than you think—and if they think you're financially stressed, you're in trouble. American Public Media lists 10 "red-flag" purchases that you shouldn't make with plastic unless you want to give your credit card company the jitters.
  • Traffic tickets: These
... More »

MORE ABOUT:
credit card • default • bill • tickets • credit card accounts • bargain shopper

Credit Card Firms Cut Deals With Delinquents

Newly relaxed policies allow firms to settle
for portion of debt

Jun 16, 09 8:25 AM CDT
(Newser) - With countless customers running behind on payments, credit card companies are taking it easy on delinquents, letting them off the hook in exchange for partial repayments, the New York Times reports. The firms began easing up on their previous policies last fall, experts say; now they’re letting frontline workers... More »

MORE ABOUT:
bankruptcy • debt • unemployment • credit card • HSBC • settlement • payments • banks • credit card accounts • delinquency

Schumer Wants Faster Action on Credit Cards

Rules on deceptive practices don't take effect until 2010

Apr 23, 09 1:49 PM CDT
(Newser) - Sen. Chuck Schumer is putting pressure on the Fed and the Office of Thrift Supervision to enact restrictions on the business practices of credit card firms more quickly, the New York Daily News reports. The agencies have drafted new rules banning deceptive practices like hidden fees and retroactive rate hikes,... More »

MORE ABOUT:
Congress • Charles Schumer • Federal Reserve • Chris Dodd • credit card • lending practices • Office of Thrift Supervision • predatory lending • credit card accounts

 White House Targets 
 Credit Card Chicanery 

Issuers coming under pressure to halt unfair, misleading practices

Apr 21, 09 5:58 AM CDT
(Newser) - The Obama administration is throwing its weight behind congressional efforts to crack down on credit card companies, the Wall Street Journal reports. Lawmakers are pushing legislation to ban practices like arbitrarily raising interest rates on existing balances and the president is expected to take a hard line on the issue... More »

MORE ABOUT:
credit card • consumer debt • Obama administration • credit card accounts • Lawrence Summers

(Newser) - Two New York Yankees—Johnny Damon and Xavier Nady— have had their finances frozen by the SEC in connection with the Stanford fraud scandal, Fox Sports reports. Both players kept their money in Stanford banks, and the SEC says they should have access to it in a few days. But... More »

MORE ABOUT:
fraud • New York Yankees • SEC • Johnny Damon • Scott Boras • Xavier Nady • credit card accounts • Stanford Financial Group • Robert Allen Stanford • frozen account

Citi to Lay Off 10,000,
Raise Credit Card Rates

Banking behemoth will shed 10,000 as it grasps for positive cash flow

Nov 14, 08 7:13 AM CST
(Newser) - Citigroup, seeking profitability after suffering net losses of $20 billion over the past year, is laying off at least 10,000 employees worldwide and raising rates on some credit card holders, the Wall Street Journal reports. Officials were told to trim employee compensation budgets by 25%, allowing managers to minimize... More »

MORE ABOUT:
Citigroup • credit card • credit crisis • job cuts • Vikram Pandit • investment banks • credit card accounts • financial crisis

 Consumer
 Data Breaches
 Hit Record

Thefts, losses of confidential info has already topped 2007

Aug 26, 08 9:10 AM CDT
(Newser) - Theft or loss of confidential consumer information from computer databases is at a record high, with more breaches already this year than all of 2007, the Washington Post reports. Records reveal that 449 US businesses, government agencies and universities have reported data breaches this year, compared with 446 breaches involving... More »

MORE ABOUT:
identity theft • TJX • data theft • BJ's Wholesale Club • Barnes & Noble • OfficeMax • Boston Market • credit card accounts • Identity Theft Resource Center • T.J. Maxx • SunGard Higher Education • Mandiant • Sports Authority

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