Finance

Credit-card users blow off billions in debt (The Houma Courier)

CANDICE CHOI AP Personal Finance Writer In 2009, banks wrote off a record $83.27 billion in credit-card debt. A study found that accounts for the bulk of the of $93.2 billion drop in consumer-card balances reported by the Fed for last year.

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Credit-card users blow off billions in debt (The Houma Courier)

Credit card users: Not so responsible after all? (San Francisco Chronicle)

With unemployment high and personal wealth diminished, how was it that strapped consumers were paying down their credit card debt last year? It turns out they probably weren’t

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Credit card users: Not so responsible after all? (San Francisco Chronicle)

Credit card rates option ‘risky’ (BBC News)

Finance Minister Sammy Wilson should scrap the option to pay rates bills by credit card, the Consumer Council says.

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Credit card rates option ‘risky’ (BBC News)

Credit card rates option ‘risky’ (BBC News)

Finance Minister Sammy Wilson should scrap the option to pay rates bills by credit card, the Consumer Council says.

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Credit card rates option ‘risky’ (BBC News)

Virgin charity credit card tops donations table (Guardian Unlimited)

Virgin Money’s charity credit card allows users to donate 1.02% of spending to the good causes of their choice A new credit card launched this week could offer a convenient way for people to support good causes – particularly less high-profile charities. The Virgin Charity Credit Card, unveiled by Sir Richard Branson’s finance arm, Virgin Money , will donate the equivalent of up to 1.02% of all …

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Virgin charity credit card tops donations table (Guardian Unlimited)

Banks Goose Credit Card Rewards to Push Card Use (ABC News)

Banks boost rewards on some credit cards to encourage customers to use them frequently Credit card – Financial services – Business – Credit – Personal Finance

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Banks Goose Credit Card Rewards to Push Card Use (ABC News)

Ottawa puts credit card industry on notice (Toronto Star)

Ottawa is proposing legislation that would give the federal finance minister the authority to regulate the credit and debit card industry, “a huge victory” for merchants and consumers, a coalition of retailers said Thursday.

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Ottawa puts credit card industry on notice (Toronto Star)

Fed Proposes Limits on Credit Card Penalty Fees (ABC News)

Federal Reserve proposes limiting penalty fees on credit cards in next phase of reform Credit card – Federal Reserve System – Financial services – Business – Finance

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Fed Proposes Limits on Credit Card Penalty Fees (ABC News)

Fitch: January Credit Card Defaults up 11 Percent (ABC News)

Fitch Ratings’ says January credit card defaults surge 11 percent Credit card – Fitch Group – Business – Personal Finance – Home

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Fitch: January Credit Card Defaults up 11 Percent (ABC News)

Fitch: January credit card defaults up 11 percent (San Francisco Chronicle)

Fitch Ratings said Wednesday the number of credit card defaults surged 1.12 percentage points in January to 11.37 percent, the highest level since a record 11.52 percent in September. Fitch analysts said the increase was largely driven by a payment holiday… Credit card – Fitch Group – Business – Financial Services – Personal Finance

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Fitch: January credit card defaults up 11 percent (San Francisco Chronicle)

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