NEW YORK (Reuters) - Credit card delinquency rates improved at JPMorgan Chase & Co and a majority of others -- a sign the lenders still face hurdles in the wake of the deep recession. The delinquency rates likely received a seasonal boost, ...
Stock could find a technical ceiling in the $42 neighborhood Technically speaking, the shares of Capital One Financial Corp. (NYSE: COF, Stock Forum) have more than quadrupled since flirting with the $8 level a year ago. Since the start of 2010, however, ...
WASHINGTON (Reuters) - The U.S. Federal Reserve on Wednesday proposed another new rule to strengthen consumer protections against abusive practices by credit card issuers, including limiting penalty fees and requiring them to reconsider past interest rate hikes. The proposed rule would prohibit ...
<div><h1>A KINDER CREDIT CARD </h1><p>The Service Employees International Union has frequently blasted credit-card issuers over the years for abusive lending practices. When the SEIU started searching for a firm to create a branded card for its 2 million members, union leaders demanded ...
<div><p> The first wave of long-awaited reforms to credit-card industry practices began kicking in on Aug. 20. Under the new rules, credit-card issuers now have to give consumers far more notice before raising their interest rates or hiking fees. Before any changes ...
<p>Think you've seen a great credit card deal lately? Think again. Hoards of credit card companies are sending out seemingly great offers to as many people as they can, hoping to lure in some unknowing or naive customers. One popular scheme used ...
<div><p>NEW YORK (Reuters) - U.S. consumers satisfaction with credit cards plummeted in 2009, driven by anger due to fees and higher interest rates, according to a J.D. Power and Associates poll released on Tuesday.</p><p>The poll showed around 20 percent of customers reported ...
<div id="subtitle">Analyst upgrades MasterCard on improving economy, says consumer spending unlikely to get worse</div><div><p>A Citi Investment Research analyst upgraded MasterCard Inc. Wednesday, writing in a note to investors that a negative adjustment in consumer spending is largely over.</p><p>Analyst Donald ...
<div id="subtitle">Direct marketing strategy turns to more premium card offers</div><div><p>If you're an affluent American, chances are you've seen more offers of MasterCard World or Visa Signature -- the so-called premium credit cards -- in your mailbox recently. </p><p>Mintel Comperemedia, a ...
<div><p>NEW YORK (Reuters) - American Express Co <AXP.N> announced on Monday a new line of certificates of deposit as part of the largest U.S. credit card company's plan to diversify funding sources as the financial crisis tightened lending.</p><p>The saving lines, available ...
