Credit Cards News

Halifax this week launched a new online credit card for customers looking to consolidate their debts for the year ahead. Research by the bank found that January is a popular month for customers to request credit card balance transfers as they consolidate their Christmas debts. January is also a time that many people take stock of their financial situation. Over half (57%) of those asked by Halifax said they had intended to review their finances at the start of the New Year. Taking note of th ...

Stocks on the move Real-time Equity news U.S. stock market report 1023 ET 21Jan2009-Jefferies lowers targets on two credit card co's ------------------------------------------------------------------------------ Jefferies & Co on Wednesday lowered its price targets on two credit card companies, American Express and Capital One Financial, seeing problems for the pair in 2009. About America ...

Jan 21 (Reuters) - US Bancorp: CEO RICHARD DAVIS SEES CREDIT CARD LOSS RATE AT 6-6.5 PERCENT A YEAR FROM NOW, ABOUT 100-125 BASIS POINTS ABOVE NOW ((New York Equities Desk; tel: +1 646 223 6000)) (For more news about US Bancorp click here:) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing ...

Stocks on the move Real-time Equity news U.S. stock market report 1152 ET 20Jan2009-Firms cut targets on MasterCard on weak spending ------------------------------------------------------------------------------ Shares of credit card company MasterCard fell on Tuesday, as analysts cut their views on the company, expecting lower volume growth and weak spending trends. Stifel Nicolaus cut its t ...

WASHINGTON, Jan 15 (Reuters) - Democratic U.S. lawmakers said on Thursday they reintroduced credit card legislation aimed at curbing "unfair and deceptive" practices against consumers hit by unexpected rate increases and other fees. The action comes almost one month after the Federal Reserve approved final rules to prohibit a number of highly criticized practices starting next ye ...

Jan 15 (Reuters) - Alliance Data Systems Corp: SIGNS MULTI-YEAR AGREEMENT WITH HSN, A LEADING MULTI-CHANNEL LIFESTYLE retailer SAYS PURCHASED HSN'S EXISTING FILE OF PRIVATE LABEL CREDIT CARD ACCOUNTS SAYS ACCOUNTS PURCHASED GENERATE A PORTFOLIO BETWEEN $100 MILLION AND $200 million in receivables SAYS WILL PROVIDE PRIVATE-LABEL AND CO-BRAND CREDIT CARD SERVICES FOR HSN ((Ban ...