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THURSDAY, NOVEMBER 26, 2009
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NEWS ABOUT: credit card

credit card stories: 88 news summaries

61 - 80 of 88 Stories | << Prev 1 2 3 4 5 Next >>

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ANALYSIS

Creditors Fed Off Equity Boom, Creating 'Double Bubble'

US charged against home value now gone

Jun 18, 08 3:55 PM CDT
(Newser) - As home values boomed, banks raised credit limits and extended offers for new cards, urging consumers to pay off the debt by drawing on their equity, USA Today reports. Many of those borrowers now face high interest rates on homes tapped of equity and hemorrhaging value—and the boom in... More »

MORE ABOUT:
foreclosure • bank • credit card • home equity • default • home equity loans

Maxed-Out Debtors Find Credit Crutch

Support groups doing brisk business as Americans see red

Jun 10, 08 1:48 PM CDT
(Newser) - With the economy sagging and 11.8 million credit-card accounts delinquent, support groups are popping up in churches, colleges, and coffee shops to help people curtail their spending and share red-ink horror stories, the Wall Street Journal reports. "It used to be that you had to live in shame... More »

MORE ABOUT:
personal finance • debt • credit card • consumer debt

Will Tax Rebates Boost Economy? Test Starts Today

The government has begun sending out the first cash

Apr 29, 08 7:58 AM CDT
(Newser) - The first tax rebates designed to kick-start the economy should begin arriving in bank accounts today. The Treasury Department has begun sending electronic rebates to nearly 8 million people by the end of this week, and some 130 million checks will go out via snail mail in May. President Bush... More »

MORE ABOUT:
credit card • Treasury Department • Internal Revenue Service • savings • economic stimulus package • tax rebate • economy • retail businesses

 7 Ways to
 Raise Your
 Credit Score 

Simple tips to boost that murky rating

Apr 15, 08 12:19 PM CDT
(Newser) - Credit scores are key if you're getting a new cell phone, new home, new car—even a new job. The Today Show offers 7 simple steps to give your score a boost:
  1. Fix errors on your reports: A mistake on one report can sink a score.
  2. Be timely:
... More »

MORE ABOUT:
personal finance • list • credit card • credit • credit card loans • credit score

Discover Gobbles Up Diners Club

Firm moves into international credit card market with $165M deal

Apr 8, 08 3:10 AM CDT
(Newser) - Discover Financial Services is moving into the global credit card market with its acquisition of Diners Club International from Citigroup, Bloomberg reports. The $165 million deal gives Discover a foothold in the 185 countries outside North America where Diners has a presence, which will add revenue at a time when... More »

MORE ABOUT:
Citigroup • mergers and acquisitions • American Express • credit card • Discover • Diners Club

UPDATED

Massive Data Theft Breached 'Secure' Network

Hacked supermarket chain sent data over cable, not wireless 

Mar 31, 08 11:23 AM CDT
(Newser) - High-tech thieves were able to penetrate what experts called an especially secure computer network when they stole 4.2 million credit and debit card numbers from the Hannaford and Sweetbay grocery chains. Unlike stores that send data over wireless networks, the supermarkets used a theoretically less porous fiber-optic cable. More »

MORE ABOUT:
fraud • identity theft • supermarket • credit card • data theft • computer security • fiber optic cables

Interest Soars Sky-High in Visa's $18B IPO

Record-breaking debut could mark turning point for markets

Mar 19, 08 8:43 AM CDT
(Newser) - Visa pulled in almost $18 billion in its initial public offering yesterday, the San Francisco Chronicle reports. The credit card company's IPO was the biggest by far in US history and the second biggest ever. The $44-per-share price investors paid was $2 higher than the company's highest estimate, and the... More »

MORE ABOUT:
stock market • New York Stock Exchange • IPO • credit card • credit crisis • Visa

 Credit Crunch
 Slows Spending 

Consumers, businesses tighten belts just as economy needs fuel

Mar 18, 08 11:10 AM CDT
(Newser) - Fewer credit card offers, tougher mortgage requirements, and a slowdown in business expansion all are likely because of the worsening credit crisis, reports the Washington Post. Banks are looking to limit exposure to high-risk customers and restore their own bottom lines. And that’s tough medicine for an economy... More »

MORE ABOUT:
Federal Reserve • consumer spending • credit card • interest rate • credit crisis • banking

Supermarket Breach Exposes 4M Credit Cards

Hannaford grocery stores report 1,800 related fraud cases

Mar 18, 08 9:20 AM CDT
(Newser) - A data security breach at Hannaford, an East Coast supermarket chain, has exposed the credit card information of 4.2 million customers and resulted in 1,800 cases of fraud so far, the Boston Globe reports. The breach, which went undetected for three months, is one of the largest ever,... More »

MORE ABOUT:
fraud • identity theft • supermarket • credit card • data theft • computer security • Visa • MasterCard • Hannaford

Sprint, AT&T, BofA
Faves of Identity Thieves

Half of all complaints in 2006 months came from 25 companies

Feb 29, 08 5:41 PM CST
(Newser) - Bank of America led as a target for identity thieves in a 2006 sample of FTC complaints, followed closely by AT&T and Sprint. The survey by Berkeley researchers found that half of all complaints involved 25 organizations, mainly banks and telecom companies, reports PC World. There were 88,000... More »

MORE ABOUT:
Bank of America • identity theft • credit card • Sprint • AT&T

Consumers
Cut Credit
Card Spending

Delinquencies rise; economists see slowdown

Feb 8, 08 10:49 AM CST
(Newser) - Americans may be falling out of love with their credit cards, the Wall Street Journal reports, and banks seem to be returning the sentiment. As more and more consumers are delinquent on their payments, banks in turn are tightening borrowing standards, making it harder for them to extend their credit.... More »

MORE ABOUT:
consumer spending • US economy • credit card

Will That Be Cash or Cash?

Americans save more, pay upfront as  times get  tougher

Feb 5, 08 9:20 AM CST
(Newser) - The collapsing housing market, shaky employment security, and uncertain economic outlook are changing Americans' buying habits: They’re paying with cash. Plastic has become synonymous with debt, helping revive the pay-as-you-go mentality, reports the New York Times. The change could have a major impact on an economy, and a culture,... More »

MORE ABOUT:
US economy • credit card • consumer debt

UPDATED

Dem Debaters Get Feisty

Policy talk devolves into bickering between Clinton, Obama

Jan 21, 08 8:35 PM CST
(Newser) - Hillary Clinton and Barack Obama drowned out policy talk in a South Carolina presidential debate tonight as they bickered over Ronald Reagan and what Obama called Clinton's "corporate" past, CNN reports. On economic policy, they wrangled over Senate votes as much as subprime bailout plans. “This kind of... More »

MORE ABOUT:
Barack Obama • Hillary Clinton • John Edwards • Bill Clinton • credit card • Martin Luther King Jr. • Democratic presidential primaries • South Carolina primary • economic stimulus package • Iraq war

GE Money Loses Data on 650,000 Credit Card Holders

Missing customer info raises data breach fears

Jan 18, 08 4:29 AM CST
(Newser) - GE Money has lost a computer tape with the personal information of up to 650,000 customers of JC Penney and other retailers, reports the AP. The tape went missing in the warehouse of a data storage company. There's "no indication of theft" and none of the data has... More »

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JCPenney • General Electric • credit card • data • data storage • personal privacy

American Express Feels Credit Crunch

With defaults on rise, company taking hefty fourth-quarter charge

Jan 10, 08 7:33 PM CST
(Newser) - With consumer spending slowing and credit defaults on the rise, American Express said today it will take a fourth-quarter charge of $275 million to build up its charge-card reserves, the Wall Street Journal reports. The company, which cited housing turmoil as a contributing factor, also predicted earnings to come in... More »

MORE ABOUT:
housing market • American Express • consumer spending • credit card • credit card loans

Americans Falling Behind on Credit Cards

Amount overdue on
US accounts surged
26% in October

Dec 23, 07 10:35 PM CST
(Newser) - It’s already looking like an iffy New Year for many credit-card holders: the number of Americans falling behind on their payments spiked sharply this year and analysts don’t expect 2008 to be much brighter. The value of credit card accounts at least 30 days late surged 26% in... More »

MORE ABOUT:
Bank of America • Federal Reserve • subprime mortgages • debt • credit card • Capital One • job market • default • Discover • home equity loans • refinanced mortgages • JPMorgan Chase

Credit Card Execs Grilled
Over Rate Hikes

Lawmaker threatens legislation to stop sudden increases

Dec 4, 07 6:55 PM CST
(Newser) - Lawmakers grilled credit card execs today over the practice of hiking interest rates on customers who pay on time, the AP reports. Senator Carl Levin called it unfair, but Bank of America and Discovery execs said that factors like credit scores also affect rates. "It's important criteria for how... More »

MORE ABOUT:
Bank of America • Congressional hearings • credit card • Carl Levin • Discover

Washington Takes Aim at Credit Cards

Lawmakers vow to tackle rate hikes, reform arcane fee system

Dec 1, 07 7:44 PM CST
(Newser) - Dem lawmakers vow to finally rein in credit card companies after years of consumer complaints, the Washington Post reports. They want lenders to scrap random rate hikes and inscrutable fees, and plan to tackle it in a hearing next week; one rep has already drawn up legislation. But industry... More »

MORE ABOUT:
Congress • Democratic Congress • Federal Reserve • Chris Dodd • Andrew Cuomo • credit card • Carl Levin

PayPal Swiping
Credit Card Market

Fraud-wary consumers turn to alternative payment methods

Nov 21, 07 1:05 PM CST
(Newser) - With identity theft jumping 50% since 2003, more people are turning from credit cards to Internet-based payment services like PayPal and Google Checkout for online purchases and, increasingly, everyday transactions, Business Week reports. Roughly 30% of US online shoppers used an alternative payment service last year. "Consumers are afraid... More »

MORE ABOUT:
credit card • business tech • PayPal • MasterCard • online payments

Visa Heads for Biggest IPO in US in Years

Offering expected
early next year could surpass $10B

Nov 10, 07 12:18 PM CST
(Newser) - Visa is moving ahead on a massive initial public stock offering expected early next year. Papers filed yesterday show that shares could be valued at $10 billion, which would make it the second-largest public offering in US history, the Wall Street Journal reports. The biggest is the $10.62 billion... More »

MORE ABOUT:
stock market • San Francisco • IPO • shares • credit card • Visa • MasterCard

61 - 80 of 88 Stories | << Prev 1 2 3 4 5 Next >>


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