Credit Cards News

Beware the new card tricks
11 Apr 2007 source: thisismoney.co.uk

Liz Phillips, Daily Mail11 April 2007 Credit card companies are imposing new fees which could hit thousands of customers who buy gift vouchers or indulge in the occasional flutter. CARD TRICKS: Cash advances could now include a flutter on the horses and buying gift vouchers WANT TO KNOW MORE? EXPERTS: Why is my plastic so expensive? CREDIT CARDS: Switch your deal TABLES: Top rate credit cards RECLAIM: Credit card penalty fees POLL: How do you manage your credit cards?  ...

MasterCard ratings affirmed by S&P
10 Apr 2007 source: iii.co.uk

NEW YORK (AP) - Standard & Poor's Ratings Services affirmed its ratings on MasterCard Inc., the nation's second-largest credit card brand, after the company said it plans to buy back $500 million of its shares in the second half of the year. Daniel Koelsch, a credit analyst at Standard & Poor's, said he expects the repurchase won't force MasterCard to dip into its capital or retained earn ...

Okla. men sentenced in credit card scam
10 Apr 2007 source: iii.co.uk

TULSA, Okla. (AP) - A federal judge sentenced a Tulsa man to more than six years in prison for his role in a credit card scam that resulted in more than $1 million in losses for Citibank. U.S. District Judge Claire Eagan ordered Wayne Baker on Monday to serve 78 months, to pay a criminal forfeiture money judgment of $400,001 and to give up his home, U.S. Attorney David E. O'Meilia's office report ...

MasterCard Converts Banks' Shares Early
10 Apr 2007 source: iii.co.uk

PURCHASE, N.Y. (AP) - MasterCard Inc. announced plans Tuesday to allow the U.S. banks that once controlled the nation's second-largest credit card brand the option to unwind their stakes earlier than scheduled. MasterCard also said it plans to buy back $500 million of company stock in the second half of this year. The conversion plan proposed by MasterCard's board would swap 13.4 million Class B ...



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