May 26, 2009 |
Norman Hockett didn't realize that the small plastic rectangle that arrived in his Fresno mailbox in the fall of 1958 put him at the vanguard of the credit revolution. Fresno was the proving ground for the BankAmericard, the granddaddy of mass market credit cards, and Hockett was one of the first 65,000 people to get one. He used the new tool carefully, never failing to pay off his balance when he bought a TV or a dinner out.
CALIFORNIA | LOCAL
September 9, 2013 |
SAN DIEGO - A City Council committee Monday will review ex-Mayor Bob Filner's use of a city credit card and his trip to Paris, where he was accompanied by two San Diego police officers. At the recommendation of City Atty. Jan Goldsmith, the council's audit committee is expected to request a review by city auditor Eduardo Luna to determine if Filner improperly spent public money. That could lead to legal action - either civil or criminal - against the ex-mayor. "This public discussion is one of the first steps in beginning to restore trust at City Hall," said Councilman Kevin Faulconer, chairman of the audit committee and now a candidate in the Nov. 19 special election to succeed Filner.
August 29, 2007 |
With more Americans filing for bankruptcy protection after last year's hiatus, credit card default rates are soaring. According to data from Moody's Investors Service, credit card companies wrote off 4.58% of payments from January to May, up nearly 30% from the same period in 2006.
September 26, 2002 |
The number of U.S. consumers who paid their credit card bills more than 30 days late rose in the second quarter to the highest level in a year, according to the American Bankers Assn. Credit card delinquencies rose to 3.91% from April to June. That compares with 3.88% in the first three months and was the highest since the second quarter of last year, when the rate was 3.93%. The rise "reflects the avalanche of layoffs over the past year and a half," ABA chief economist James Chessen said.
March 1, 1996 |
Book the next flight to Paris, dahling, put all the fashionable fashion boutiques on alert. Oh, and leave the cash at home. Living it up has gotten a trifle more convenient now that a leading credit card issuer, MBNA America Bank of Wilmington, Del., has extended its credit limit to $100,000 on MasterCards and Visas.
April 3, 2012 |
Information stolen from as many as 1.5 million credit card accounts is the latest in a long line of data breaches — and an alert for consumers to monitor their accounts for fraudulent purchases, industry watchdogs say. The latest major breach, reported late last week at Atlanta payments processor Global Payments Inc., resulted in no known consumer fraud as of Monday morning, Chief Executive Paul R. Garcia said in a conference call with analysts....
April 6, 2013 |
If you and your spouse are traveling together and your credit cards are from a joint account, one spouse should carry one card and the other spouse a different one. That way, if one of you has a purse or wallet stolen, the other still has a usable credit card for the rest of the trip. Ginny Gibbs Woodland Hills For your return from a foreign trip, be sure that all your purchases are packed in your own luggage. Do not share with anyone else; you must go through customs with all your purchases Jeri Taylor Indio When things go well, praise the person who has provided good service.
August 7, 2008 |
About 1,500 people who bought tickets from Alaska or Horizon airlines have been notified their credit cards were misused. Alaska Air says a call center employee diverted some payments to a personal account.
August 20, 2009 |
New federal protections for credit card users go into force today, but in advance of the tougher rules, banks have been raising fees and interest rates -- hoping to ensure that one of their historically most lucrative businesses remains that way. Since Congress approved the landmark credit card overhaul legislation last spring, many issuers of plastic have jacked up interest rates, switched accounts from fixed to variable rates, and raised annual...
September 15, 2004 |
U.S. regulators warned banks against some types of credit card marketing, calling them potentially unfair or deceptive. In an advisory letter, the Office of the Comptroller of the Currency told banks not to promote credit cards advertising credit limits up to a specified dollar amount to customers with limited or poor credit histories.