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Bank of America Sees Record Credit Card Losses (New York Times)
Bank of America Chief Executive Kenneth Lewis said on Tuesday the U.S. economy will get worse before it improves, and forecast record losses for the U.S. credit card industry.
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Target's credit-card problems could lead to J.P. Morgan role (Market Watch)
(This article was originally published Tuesday) NEW YORK (MarketWatch) -- Target Corp.'s big drop in credit-card profit in the third quarter has raised questions about whether the retailer may ultimately turn certain parts of the operation over to partner JPMorgan Chase & Co. . Target in May sold 47% of its stake in the card unit to JPMorgan Chase for $3.5 billion and, under terms of the sale, ...
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Brown to target 'irresponsible' credit card firms (Guardian Unlimited)
Credit card companies were on a collision course with Gordon Brown last night after they rejected calls to reduce interest rates, some as high as 69%, after last week's shock cut in the Bank of England's base rate. In a clear signal that the prime minister is determined to make credit cards the next battleground in the financial crisis, he used his monthly press conference yesterday to ...
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Visa's digital credit card could raise legal stakes (The Register)
Competitors may hop on bandwagon Visa has introduced a computerised credit card which it hopes will help banks battle fraud. The innovation could force other card issuers and banks to implement similar technology, one data protection expert has said.…
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Target's credit-card profit drop raises questions (Minneapolis-St. Paul Star Tribune)
Observers wonder if retail giant Target might turn over its credit-card portfolio to partner J.P. Morgan Chase & Co.
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Kingston teenager charged in theft of credit card (Middletown Times Herald-Record)
KINGSTON — An attempt to use a stolen credit card at an ATM resulted in felony charges against a local teen, police said.
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Disney and JCB Launch Disney-JCB Card, Japan's First Disney-branded Credit Card (Japan Corporate News)
Tokyo, Nov 19, 2008 - (JCN Newswire) - The Walt Disney Company (Japan) Ltd. (the Walt Disney Japan), a global leader in the entertainment business, and JCB Co., Ltd. (JCB), a pioneer of Japan's credit card business and brand holder of Japan's only international credit card brand, have teamed up to develop and issue Japan's first Disney-branded credit card, the Disney-JCB Card. Applications for ...
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WKYC Budget Challege: The Gutowskis and credit card debt (WKYC Cleveland)
CLEVELAND -- Are you spending more then you make? Are you racking up credit card debt and making minimum payments?
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Debt Mentors LLC, Launches a Unique Website Tailored To Get Rid of Credit Card Debt (PRWeb via Yahoo! News)
With the explosion of personal debt rampant in America, the outlook of a bright future for many people appears dim. Finding effective methods for credit card debt reduction are on the minds of many individuals. Families are desperately seeking answers for credit card debt elimination.
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Fraud seen in in-flight credit card sales (UPI)
TOKYO, Nov. 18 (UPI) -- Several Asian airlines including Japanese are seeing growing credit card fraud in the purchase of duty-free items on international flights, Japanese police say.
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