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 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 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...
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.
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.
CALIFORNIA | LOCAL
August 12, 2002 |
The Ventura College of Law will present a free forum on credit cards and fraud Aug. 27. "Credit Cards and Identity Theft," to be presented at 6:30 p.m., will review the terms and transaction fees imposed by credit card issuers. Participants will learn how to shop around for the best deals, limit financial loss if cards are lost or stolen, and avoid credit card fraud and other scams. There also will be advice on preventing identity theft and how to correct credit history if victimized.
January 9, 2004 |
Consumers used their credit cards less in November, but they couldn't say no to automobile purchases. The Federal Reserve reported that consumers increased their borrowing by $4 billion, or an annual rate of 2.4%, in November, pushing up their total debt to $1.99 trillion. Most of the borrowing was in nonrevolving credit, which includes new cars, vacations and education. That borrowing rose by $4.6 billion, or a rate of 4.4%.
April 13, 2012 |
The Obama administration's consumer financial watchdog wants to undo a limit on some upfront fees on credit cards, prompting criticism that it could hurt borrowers with poor credit. The Consumer Financial Protection Bureau is backing away from restrictions on what the industry calls fee-harvester cards. Issuers of these cards make such customers pay a large fee before they can receive cards with very low credit lines. The agency indicated that its decision stemmed from a court ruling saying the fee cap appeared to be barred by "plain and unambiguous" language in the applicable law. Lobbyists and the public have until June 11 to file comments or objections before a final decision is made.
June 29, 1997
Americans' ability to use their credit cards to avoid paying extra for collision insurance from car rental companies abroad is being whittled away on two fronts. Citing "an unusually high incidence of claims" in Jamaica, Ireland and Israel, American Express this month stopped insuring rental cars in those countries. Spokeswoman Gail Wasserman said that there are no current plans to eliminate more countries but that a review is done annually. Two years ago, the firm dropped coverage in Italy.