Credit Cards News
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Congress challenges credit card firms
26 Jan 2007
source:
iii.co.uk
WASHINGTON (AFX) - Democratic lawmakers challenged credit card executives Thursday over rising late fees and other penalties and marketing practices they portrayed as predatory. The credit card industry and its practices came under scrutiny at a session of the Senate Banking Committee. Several Democratic members of the panel are proposing legislation to require companies to provide more details t ... |
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Credit card spending set to rise
24 Jan 2007
source:
moneynews.co.uk
Wed 24th Jan 2007 Spending on credit cards is set to rise in the UK during the first three months of this year, new research undertaken by Morgan Stanley has discovered. The total increase is forecasted to be 68 per cent above the corresponding period for last year which will equate to an average card spend of £1,228 for the first quarter of 2007. It has also been found that repay ... |
