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credit card interest News

credit card interest

Banks had already been tightening the screws on people with less-than-perfect credit. Now, even customers who pay on time will be hit. While average credit card rates have dipped as the Federal Reserve has cut interest rates, banks and retailers are ...

Credit card fees rising - News Sun

SAN FRANCISCO (Reuters) - The need by U.S. retailers' to sell in hard times has put them at odds with the lenders backing their credit cards. While stores aggressively promote use of their cards, lenders are increasingly wary of consumer defaults ...

U.S. retailers, credit card lenders at odds in crunch - Reuters India

Citigroup Inc. is raising credit-card interest rates for many of its customers and planning another chunk of job cuts, according to a report Friday. The Wall Street Journal said at least 10,000 employees will be cut within the next few days, as ...

Report: Citi to cut 10,000 jobs, raise credit-card rates - Atlanta Business Chronicle

Meanwhile, Citi is reportedly also notifying some of its credit-card customers that their interest rates are being raised by an average of three percentage points, the report said. Citigroup is one of the nation's largest issuers of credit cards ...

Citi said raising rates for up to 1 in five card customers - Marketwatch

NEW YORK (Dow Jones) -- Citigroup Inc., as part of its push to return to profitability, is embarking on another huge round of layoffs and is raising interest rates on millions of credit-card customers. The moves come as Chief Executive Vikram Pandit ...

Citi to Cut 10,000+ Jobs, Hike Credit Card Rates - Smart Money

What’s really strange is that the markets aren’t a bit more conscious of the consequences of a real crash. The markets have shown themselves very sensitive to just about everything, but they’re aggravating the problems. As The New York Times ...

Buy an ad on DigitalJournal.com - Digital Journal

This is a really bad idea from almost every perspective. Let me explain why. From your letter, I am going to make a couple of assumptions. First, you believe you can get a better interest rate using your credit cards than what you are currently ...

Use a credit card to pay down mortgage? - ABC2 News

GE Money will repay more than $3 million to thousands of customers who were wrongly charged interest on an "interest-free" hire purchase promotion. The financial giant reached an out-of-court settlement with the Commerce Commission after it admitted ...

Shoppers to get back $3m interest - Stuff

It's time Ottawa got tough with credit card companies who are hiking their gouging rates of interest amid a global financial meltdown spinning Canada into recession. "Charging 18% is punitive, but I suggest 26% borders on loan sharking," said MP Dan ...

Banks' hose of cards - Toronto Sun

layoffs are the latest in a brutal round of job cuts across the financial industry. The cuts have been sparked by unprecedented losses due to bad credit investments, as well as the subsequent precipitous drop in banking and other financial services ...