Credit News
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A large number of credit card users do not fully understand their card's terms, benefits and rewards program, and have trouble selecting between different types of cards. This is according to an annual survey of credit card users.
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This is a question many credit card users ask themselves. The real answer to the ‘how many’ question is this: it depends.
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U.S. arts and crafts chain store Michaels has confirmed that on Thursday around 2.6 million cards - over 7% of payments taken on Thursday - used in its stores may have been affected in a security breach.
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Washington -
Bank of America will pay $772 million over illegal credit-card practices that lured consumers into signing up for added products and services, US regulators said Wednesday.
In the Media
by AFP
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Brussels -
The European Parliament on Thursday appeared set to fast-track a cap on fees paid on credit card transactions, in a vote which was welcomed by consumer advocates.A plenary session of parliament sitting in Brussels voted to impose a fee ceiling of 0.
In the Media
by AFP
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Washington -
Moody's put Russia's credit rating on review for a possible downgrade Friday, saying the Ukraine crisis could exacerbate its already troubled economy.
In the Media
by AFP
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Washington -
Moody's put Russia's credit rating on review for a possible downgrade Friday, saying the Ukraine crisis could exacerbate its already troubled economy.
In the Media
by AFP
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Washington -
The world's largest retailer Walmart has sued credit card giant Visa for more than $5 billion for conspiring with banks to fix fees that merchants pay for accepting Visa card payments.In the suit filed this week in Arkansas, where Walmart is based, th...
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Credit Suisse Group AG <CSGN.VX> has agreed to pay $885 million to resolve claims by a U.S.
In the Media
by Nate Raymond and Silke Koltrowitz (Reuters)
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Dubai -
Oil-rich Abu Dhabi and the UAE central bank agreed Sunday to extend the period of loans worth $20 billion accorded neighbouring Dubai when it was hit by the global financial crisis in 2009.The government of Abu Dhabi agreed to roll over a loan of $10 b...
In the Media
by AFP
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Credit Suisse's <CSGN.VX> headquarters in Germany was one of the offices raided by German authorities last month as part of an invest...
In the Media
by Reuters
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Madrid -
Spanish banks reported on Tuesday record-high bad loans in December as lenders continued to pay for the country's real estate bust even as the financial sector prepared to exit a 41-billion-euro ($56 billion) bailout.Doubtful loans -- those at risk of ...
In the Media
by AFP
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Shanghai -
A looming default on a $500 million Chinese investment product sold by China's largest bank ICBC to hundreds of investors appears to have been averted days ahead of deadline, a document seen by AFP Tuesday showed.
In the Media
by AFP
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Shanghai -
A shockwave is looming in China's multi-trillion dollar "shadow banking" system, with an unprecedented default only days away on a $500 million investment product sold to hundreds of people.
In the Media
by Bill Savadove (AFP)
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Madrid -
Spanish banks reported Friday record-high bad loans, with more than one in eight rated as doubtful in November even as the financial sector prepared to exit a 41-billion-euro ($56 billion) bailout.
In the Media
by AFP
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Madrid -
Spanish banks, alarmed by multiple bankruptcies and mass unemployment, are keeping a tight rein on loans and potentially choking off the lifeblood of a longed-for economic recovery, analysts say.
In the Media
by Katell Abiven (AFP)
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After the housing finance bubble burst, mortgage lending went through tremendous change in an effort to keep consumers from purchasing more house than they could afford. Now, some of those same concerns are surfacing in the auto-lending sector.
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Toronto -
For the second time in 12 months, Ontario's credit rating has been downgraded by a rating agency. Ontario currently holds a AA- Credit rating
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Utica -
A U.S. Army reservist is struggling with the Bank of America over fraudulent charges he says were made to his bank account after he used his debit card.
The amount in question is over $25,000.
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In the short term, both the US dollar and US Treasury bonds may actually benefit from the downgrade of the US debt and react to panic buying.
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A recent survey has found that cash is becoming increasingly unpopular with the British public; the big question is, will it become extinct?
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Yesterday, a major budget airline that specialised in the Turkish market went bust leaving around 12,800 passengers stranded in Turkey. The question has to be asked, how can this happen yet again?
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As Britian’s trade unions strike in a revolt over pensions, the streets of Greece are ablaze in protest against the dictatorship of finance.
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In a worrying sign that US government spending is untempered and that the real prospect of a US default looms ahead of debates on raising the credit ceiling, US debt figures climbed above the $14 trillion mark.
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A French court has cleared a man of fraud after he ran up debts with his credit card and cheque book of almost €180,000. But he has been ordered to pay back the full amount to his bank.
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Moody's issued a warning this week that the United States could lose its triple-A credit rating status if their economic growth doesn't increase or if the budget deficit continues to hit record-highs.
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Most consumers use credit cards because it seems to be the norm now a days but they can cost users a lot of money in fees and interest if they do not understand a credit card's terms and conditions.
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For Gordon Hageman of San Diego, the Premier card offered by First Premier Bank came with a 79.9 percent APR. While it looks like an attempt to gouge the consumer, it is perfectly legal.
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The average American family owes some $4,088 in credit card debt. Here are ten things that you may not know that can keep you out of debt.
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While the U.S. economy is showing signs of recovery in some segments, the intermediate and long term damage to the greenback may already be in motion.
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Credit Image
This is the "Douglas Money Equation" as formulated by Major C.H. Douglas (1879-1952).
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