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Last updated: 07:58:34 Tuesday Sep 1, 2009


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  • U.S. credit card satisfaction down amid higher rates: poll
    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.   Source:(Reuters)   2009-09-01

    Big changes in store for US credit cardholders
    WASHINGTON - Every American with a credit card will see sweeping changes in the market, with limits on sudden hikes in interest rates that drive consumers deeper into debt. Even cardholders who pay off their balance each month may face new annual fees or lose out on lucrative rewards programs.   People:Tim Johnson Christopher Dodd Barack Obama   Activities:111th Congress   Source:(AP)   2009-05-20

    Credit card legislation faces Senate test
    WASHINGTON - Propelled through the House by antibusiness sentiment in tough economic times, legislation putting new reins on the credit card industry now goes to the Senate, where the bill's prospects appear promising.   People:Timothy Geithner Christopher Dodd Barack Obama   Activities:111th Congress   2009-05-01

    Discover: Credit Where Credit Is Due
    During the era of easy money, Discover Financial Services was dismissed as a second-rate credit card company that lacked the cachet and retail acceptance of rivals. Its profits paled next to those of titans American Express and Bank of America (NYSE:BAC - News). The company's low-rent image was even lampooned on the Fox TV cartoon series Family Guy.   Nations:U.S.   Source:(BusinessWeek)   2009-02-14

    Credit market recovery slips on carmaker fears
    NEW YORK - Investors flooded into government debt again on Thursday, sending Treasury yields to multiyear lows as ongoing worries about an auto industry collapse impede the credit markets' attempts at a recovery.   Activities:Global Financial Crisis   Source:(AP)   2008-11-20

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