Bank Credit Card Guide & Banking News

Cancellation of unused cards may affect credit scores - South Coast Today
WASHINGTON — Helen Galanoplos tried to cancel her American Express card last year because she no longer wanted to pay an annual fee. But, she said, the customer service representative told her that her credit score could go down as a result. Then ...
Posted: Sun, 04 Jan 2009 16:53:00 GMT

Credit Card Companies Willing to Deal Over Debt - Times Daily
Hard times are usually good times for debt collectors, who make their money morning and night with the incessant ring of a phone. But in this recession, perhaps the deepest in decades, the unthinkable is happening: collectors, who usually do the ...
Posted: Sat, 03 Jan 2009 20:43:00 GMT

Suspect shot dead after high-speed chase in Ill. - Buffalo News
Police say a man suspected of robbing four banks has been shot and killed after leading officers on a high-speed chase in central Illinois. Authorities say the 57-year-old man robbed a Bloomington currency exchange at gunpoint on Monday and fled ...
Posted: Tue, 06 Jan 2009 09:34:00 GMT

Pershing Square's Hedge Fund Set-Up For Target (TGT) Dropped 68% - StreetInsider.com
Pershing Square's William Ackman’s hedge fund that was established to invest in Target Corp. (NYSE: TGT ) fell 68% last year, more than double Target's actual loss. In just December, Pershing Square IV declined 7.7%, according to a letter to ...
Posted: Tue, 06 Jan 2009 13:38:00 GMT

Better 10 cents than none - The Chronicle Herald
Debt collectors are better known for merciless persistence than a willingness to talk things over. But as job losses and personal bankruptcies mount, credit card companies and the collection agencies they employ are starting to accept dimes, if not ...
Posted: Mon, 05 Jan 2009 14:57:00 GMT

Carousel's patrons wait for refunds - Akron Beacon Journal
Blogs: Akron Law Café: Lincoln and the Transcendent Constitution: (3) The Rule of Law Car Chase: January is auction time The Heldenfiles: "Scrubs": The Low-Fat "Grey's Anatomy" Alternative Patrick McManamon: First and 10: Rambling about the ...
Posted: Tue, 06 Jan 2009 12:55:00 GMT

Happy New Year? Not for credit card companies - Reuters
NEW YORK (Reuters) - Credit card companies have little to celebrate as many analysts brace for 2009 to be one of the worst years on record for consumer credit. Losses for the industry could top $70 billion, but it is hard to predict how bad the pain ...
Posted: Thu, 01 Jan 2009 23:59:00 GMT

Losses for credit card companies could top $70 billion in 2009 - Economic Times
NEW YORK: Credit card companies have little to celebrate as many analysts brace for 2009 to be one of the worst years on record for consumer credit. Losses for the industry could top $70 billion, but it is hard to predict how bad the pain will be. US ...
Posted: Sat, 03 Jan 2009 15:43:00 GMT

Credit Card Companies Slash Credit Limits - Wall Street Journal
As if access to credit wasn't already tight, credit card companies are slashing consumer credit lines and closing inactive cards - a move that could harm borrowers' credit scores and restrict access to loans. "Card issuers are playing defense ...
Posted: Mon, 05 Jan 2009 16:38:00 GMT

The Willies - American Reporter
BRADENTON, Fla. -- The presidential debate Wednesday night never mentioned the words $2.2 trillion: that's how much the banks, brokerage and investment houses and insurance companies have so far taken from the American people's Treasury of the United ...
Posted: Tue, 06 Jan 2009 05:31:00 GMT