77Tracking

Credit Cards News


CORRECTED: Banks and consumers brace for new credit card rules ...
14 Dec 2008 source: today.reuters.co.uk

(Corrects to 694.4 million from 694.4 billion in paragraph 10) By John Poirier WASHINGTON (Reuters) - The U.S. credit card industry, harshly criticized for imposing surprise fees and interest rate hikes on consumers, may face a day of reckoning on Thursday.. The Federal Reserve is to vote on credit card reforms that may bring some relief to customers who face a variety of ways ...


Banks and consumers brace for new credit card rules
14 Dec 2008 source: today.reuters.co.uk

By John Poirier WASHINGTON (Reuters) - The U.S. credit card industry, harshly criticized for imposing surprise fees and interest rate hikes on consumers, may face a day of reckoning on Thursday. The Federal Reserve is to vote on credit card reforms that may bring some relief to customers who face a variety of ways for being hit with late fees, universal defaults, shorter payment peri ...


Credit card giants forced to play fair
12 Dec 2008 source: thisismoney.co.uk

This is Money12 December 2008 Deals Credit card companies have agreed to end the practice of imposing overnight interest hikes on their customers. More flexible: Card companies will have to change or face investigation WANT TO KNOW MORE? Barclays slammed for 'sly' credit card Card that charges 223% APR OTHER STORIES Poor hit by higher personal loan rates Spenders hit by soaring cost of Christmas Chrismas shopping: spend now, pay later How credit cards went from he ...


MoneyExpert.com: Credit Card applications up
10 Dec 2008 source: moneynews.co.uk

Tue 9th Dec 2008 Research conducted by MoneyExpert.com has shown that the numbers of applications for interest-free credit cards rose significantly in November. MoneyExpert.com reported a 22 per cent increase in the number of applications from October, which represents a 15.6 per cent rise over the same period last year. According to the independent financial comparison site this could  ...


UPDATE 1-Cowen cuts Visa, MasterCard to underperform
10 Dec 2008 source: iii.co.uk

(Recasts, adds detail) Dec 10 (Reuters) - Cowen & Co downgraded card network companies MasterCard Inc and Visa Inc to "underperform" from "outperform" on deteriorating fundamentals. The brokerage said it expects weakening consumer spending trends in Europe and Latin America to impact MasterCard's purchase volume metrics, resulting in tougher revenue growth ch ...


STOCKS NEWS US-Citi has negative outlook on credit card co's
10 Dec 2008 source: iii.co.uk

Stocks on the move Real-Time Equity news U.S. stock market report 0937 ET 10Dec2008-Citi has negative outlook on credit card co's ------------------------------------------------------------------------------ Citi Wednesday started coverage on the credit card sector with a negative outlook on the group, saying credit, funding and regulatory pressures would weigh on the group in 2009. "The ...


Egg hit with £721,000 fine for PPI failings
10 Dec 2008 source: thisismoney.co.uk

Philip Scott, This is Money10 December 2008 Chat | Vote | Quiz The City watchdog has slapped Egg with a £721,000 fine for 'serious failings' in its sales of credit card payment protection insurance (PPI). Mis-selling: Egg has been slapped with a hefty fine over its PPI sales techniques WANT TO KNOW MORE? Reclaim your PPI premiums LETTER TEMPLATE: Mis-sold PPI QUIZ: Can you reclaim your PPI premiums? POLL: Do you have a PPI policy? The watchdog f ...


UPDATE 2-Delta extends American Express card agreement
9 Dec 2008 source: iii.co.uk

NEW YORK, Dec 9 (Reuters) - Delta Air Lines Inc, the world's biggest airline after taking over rival Northwest Airlines earlier this year, said on Tuesday it extended its co-branded credit card agreement with American Express Co . Under a multiyear deal, Delta said it would sell $1 billion worth of SkyMiles to American Express in a transaction that would immediately improve the airline's l ...


BRIEF-Delta, American Express extend multiyear co-branded skymiles credit card ...
9 Dec 2008 source: iii.co.uk

Dec 9 (Reuters) - Delta Air Lines Inc: DELTA AND AMERICAN EXPRESS ANNOUNCE MULTIYEAR EXTENSION FOR CO-BRANDED skymiles credit card SAYS AGREEMENT PROVIDES IT WITH MORE THAN $2 BILLION IN COMBINED INCREMENTAL liquidity and contract enhancements SAYS WILL RECEIVE AN IMMEDIATE $1 BILLION BOOST TO ITS LIQUIDITY FROM A purchase of Skymiles SAYS EXPECTS TO RECEIVE AN ADDITIO ...


Credit card companies produce statement of fair principles
15 Dec 2008 source: moneynews.co.uk

Mon 15th Dec 2008 Credit card companies have reported back to the government with a statement of fair principles after the business secretary, Peter Mandelson, threatened them with an office of fair trading investigation for acting "irresponsibly". The lenders have agreed that they will give consumers at least 30 days warning of any increases in the interest rates they charge a ...


1 2
 

Archive

© 2008 77Finance Ltd.
Partner Sites:  Retail Baltic | 77Agency | 77Finanza | Send a thought
77CityGuides:  77London | 77NewYork | 77Madrid | 77Paris | 77Turin | 77Sydney