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Sector Snap: Credit card companies fall (INO News)
(AP:CHARLOTTE, N.C.) Shares of credit card companies fell Monday as the financial sector continued to struggle, sending the broader market lower. In recent weeks, investors have been worried that a slowing U.S. economy could pressure credit card companies.
No warning: Why credit card rates jump from 7 to 19 percent (WTOL 11 Toledo)
David Giantomasi was shocked when the interest rate on his Chase credit card suddenly jumped to 19.99%, up from 7.99%. When he called the card issuer, he was enraged by the explanation.
Credit unions find no urge to merge (The Business Press)
Moreno Valley-based Visterra Credit Union and Brea-based Credit Union of Southern California have suspended their previously announced merger negotiations by mutual agreement.
Silverton Bank Enters Into a Credit Issuing Agreement With Discover Financial Services (Marketwire via Yahoo! Finance)
Silverton Bank, a leading national correspondent bank, today announced that it has entered into a credit issuing agreement with Discover Financial Services, a leading credit card issuer and electronic payment services company, to start offering to community financial institutions credit card products that are accepted on the Discover Network.
How Agencies Can Access Capital in the Current Credit Crunch (Insurance Journal)
Every morning, stories of financial sector gloom and doom fill the airwaves. A slowing economy has affected the ability of individuals and businesses to pay their bills. The term "credit crunch" has b
Sector Snap: Credit card companies fall (AP via Yahoo! Finance)
Shares of credit card companies fell Monday as the financial sector continued to struggle, sending the broader market lower.
Credit-Card Rage (BusinessWeek Online via Yahoo! News)
David Giantomasi says he vigilantly paid his credit-card bills each month. Even if he could only make the minimum payment, he made sure to get all his monthly payments squared away. So he was shocked when the interest rate on his Chase credit card suddenly jumped to 19.99% from 7.99%. When Giantomasi called the card issuer to demand an explanation, he was enraged. He was told that overall ...
Alliance Data Signs New Long-Term Private Label Credit Agreement With Orchard Brands (PR Newswire via Yahoo! Finance)
Alliance Data Systems Corporation , a leading provider of loyalty and marketing solutions derived from transaction-rich data, today announced it has signed a new long- term agreement with Orchard Brands, a portfolio company of Golden Gate Capital, to provide fully integrated private label credit services for specialty catalog brands, Old Pueblo Traders, Bedford Fair, Willow Ridge, Lew Magram, ...
Credit-Card Rage (BusinessWeek)
Encore Capital Group Elects New Chairman (PR Newswire via Yahoo! Finance)
Encore Capital Group, Inc. announced today the appointment of George Lund, a current member of the Board and its Audit Committee, to the Chairmanship of the Board. Mr. Lund, who was elected to the Board in September 2007, brings 20 plus years of senior executive experience from the banking and credit card industry to the Chair and is part of the Board's commitment to increase the company's ...