Archive for June, 2009
Credit reform means new era for college students - San Francisco Gate
By admin on June 10th, 2009
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Its an end of an era for the thousands of college students who rely on MasterCard or Visa to get them through tight times. Under a new law awaiting President Barack Obamas signature, credit card companies will be prohibited from giving cards to …
Pay your credit card bill on time? It may cost you more - Houston Chronicle
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 …
Woman pleads guilty in Denver to using fake credit cards to buy iPods at Target stores in 8 states (Denver Post)
By admin on June 10th, 2009
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A woman who investigators say used fraudulent credit cards containing information “skimmed” from legitimate credit cards, has pleaded guilty to stealing nearly $48,000 from Target stores in
Credit-Card Delinquencies Increase (WallStreet Journal via Yahoo! Finance)
By admin on June 9th, 2009
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Delinquencies on credit cards issued by banks jumped as strapped borrowers used their tax refunds to meet daily expenses instead of paying down balances.
FACTBOX-Canada to set new credit card regulations - Reuters
By admin on June 9th, 2009
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TORONTO, May 21 (Reuters) - Canada laid out new rules for the credit card industry on Thursday, including a standard grace period on payments and increased disclosure, but they fell short of tough regulations just introduced in the United States …
Man admits credit card fraud - Billings Gazette
A Billings man admitted this morning that he obtained credit cards in his brothers name and charged $35,000 in unauthorized goods and services. Chad Allen Wilson, 28, pleaded guilty in U.S. District Court in Billings to an indictment charging him …
Indian Banks Put the Brakes on Credit Card Generation’s Spending (Washington Post)
By admin on June 7th, 2009
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NEW DELHI — Three weeks ago, Geetanjali Bahl opened her monthly credit card statement to find a letter tersely announcing that her credit limit had been slashed by more than half — to just a little over $500.
Tax talk: Homebuyer credit to be sweetened by stimulus act (The Fort Collins Coloradoan)
Question: My wife and I would like to help our son buy his first home. If we co-sign on the loan with him, will he still be able to take the first-time homebuyer’s credit?
Dutch coach wants credit for quick qualification (ESPN Soccernet.com)
Holland coach Bert van Marwijk is adamant his side deserves credit for reaching next year’s World Cup despite the perceived weakness of their qualifying group.