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New Straits Times
7 hrs ago
Comment
I HOPE the RM50 credit card service tax to be imposed on all principal credit card users and RM25 for every supplementary card to discourage unwise spending will not see the light of day next year.
Reuters
9 hrs ago
Comment
Bank of America Corp's credit card loss rate may have peaked in the third quarter, but it will remain elevated for a "substantial number of quarters," the bank's head of consumer banking said on Thursday.
New York Times
Nov 5
Comment
The Dow Jones industrial average erased almost all of a 156-point rally after the House of Representatives passed a bill to curb rate increases on credit cards, touching off concern about bank earnings.
New York Times
Nov 5
Comment
The House tackled legislation that addresses investors and the effort by some credit card companies to raise rates before a new law goes into effect.
Bloomberg
Nov 4
Comment
(Update1) Citigroup Inc., the U.S. bank that
got a $45 billion bailout last year, eliminated 175 jobs as it
reorganizes credit-card and wealth-management units to reflect
shifts in regulations and business strategies.
Clusterstock
Nov 4
Comment
Deceptive credit card companies like First Premier Bank better watch out: The House just OK'd the new December 1st deadline for reformed credit card rules after consumers complained of all the deceptive fees.
Marketwatch: The House voted 331-92...
Clusterstock
Nov 4
Comment
We were so naive. We honestly thought that the major banks and credit card issuers would engage in a big campaign to clean up their image (if only for show), while getting behind some self-serving consumer financial protection regime.
But no....
TheStreet.com
Nov 4
Comment
The bank plans to start charging membership fees, which is the same as increasing interest rates, according to regulations.
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more ▼WIKI ANALYSIS
WIKI ANALYSISCompanies in the Credit Cards Industry (5)
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