By Tu Lei An ICBC credit card. Most Chinese banks have been unable to turn a profit on credit cards. Photo: CFP Eight months after Industrial and Commercial Bank of China (ICBC) changed interest rules to benefit its credit card holders, no other bank has followed suit because of fears of declin...
Dec. 11, 2008 (China Knowledge) - The Hong Kong and Shanghai Banking Corp Ltd, HSBC Holdings'<5><HBC> Asian unit, announced on Wednesday it will lift the annualized percentage rate that the lender charges its more than...
* 20 pct of customers reported higher interest rates * 18 pct of customers complained about fees NEW YORK, Sept 1 - U.S. consumers satisfaction with credit cards plummeted in 2009, driven by anger due...
* Card issuers have until Feb 2010 to adopt new rules * Interest rates seen rising, credit falling * Bank group sees transformation of card industry (Adds ABA, Dodd, analyst quotes, details, background) WASHINGTON, May...
WASHINGTON, May 22 - U.S. President Barack Obama signed into law on Friday sweeping reforms that restrict credit card interest rates and fees, marking a victory for Democrats trying to help recession-weary consumers. But the...
WASHINGTON, May 22 - U.S. President Barack Obama signed into law on Friday sweeping reforms that restrict credit card interest rates and fees, marking a victory for Democrats trying to help recession-weary consumers. But the...
WASHINGTON, May 14 - A credit card reform bill that would ban arbitrary interest rate hikes remained stalled in the Senate on Thursday as Democratic and Republican leaders negotiated amendments to be offered by lawmakers....
WASHINGTON, April 30 - The U.S. House of Representatives overwhelmingly approved credit card legislation on Thursday aimed at protecting consumers from hidden fees and sudden interest rate hikes. The chamber voted in support of the...
WELLINGTON, April 23 - Credit card billings in New Zealand fell sharply in March amid declining confidence and a deepening recession, central bank data showed on Thursday, backing expectations for further interest rate cuts. The...
WASHINGTON, April 22 - The U.S. House Financial Services Committee on Wednesday approved legislation aimed at reigning in credit card company practices that have surprised consumers with interest rate hikes and charges. The bill, called...