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

March 10, 2010 by admin · Leave a Comment 

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)

March 10, 2010 by admin · Leave a Comment 

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)

March 10, 2010 by admin · Leave a Comment 

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)

March 10, 2010 by admin · Leave a Comment 

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)

March 8, 2010 by admin · Leave a Comment 

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)

March 5, 2010 by admin · Leave a Comment 

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)

March 5, 2010 by admin · Leave a Comment 

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)

March 3, 2010 by admin · Leave a Comment 

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)

March 3, 2010 by admin · Leave a Comment 

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)

March 3, 2010 by admin · Leave a Comment 

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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