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CREDIT CARDS -- Treasury Secretary Hank Paulson plans to help consumers with credit card debt. Is this a good idead? Not when you consider the moral hazard. Mark Trahant is writing this editorial, email: marktrahant@seattlepi.com SUNSHINE -- Sunshine ...
Publ.Date : Thu, 13 Nov 2008 18:31:00 GMT
NEW YORK (Reuters) - Top financial executives see no quick end to the global economic storm, warning this week that the current crisis could hold more surprises due to looming credit card debt. The United States is leading the world into a recession ...
Publ.Date : Thu, 13 Nov 2008 23:10:00 GMT
NEW YORK (CBS News) ― Wall Street and Main Street have been caught up in credit market turmoil, which began in 2007 with rising defaults on mortgages made to financially shaky borrowers and spread to corporate bonds and other kinds of debt. May 17 ...
Publ.Date : Thu, 20 Nov 2008 06:41:00 GMT
AUSTIN, Texas--( BUSINESS WIRE )--Sharp increases for select American Express cards shot overall credit card annual percentage rates higher this week, according to the CreditCards.com Weekly Credit Card Rate Report. Of the nine credit card categories ...
Publ.Date : Thu, 13 Nov 2008 22:05:00 GMT
Banks have increased the interest rates paid by hundreds of thousands of shoppers this year, even though the cost of borrowing set by the Reserve Bank has fallen almost a quarter. Banking commentators say credit card interest rates have been slow to ...
Publ.Date : Thu, 13 Nov 2008 15:03:00 GMT
WASHINGTON – Federal bank regulators have rejected a request by banks and consumer advocates for a program to let lenders forgive huge portions of credit card debt. The Office of the Comptroller of the Currency rejected the request for a special ...
Publ.Date : Thu, 13 Nov 2008 21:01:00 GMT
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