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...
WASHINGTON, April 20 - President Barack Obama will participate in a meeting on Thursday with executives of U.S. credit card companies, the White House said. Aides to Obama previously announced the credit card firms would...
* Default rates rise, but deterioration slows * AmEx data suggest ability to pay bills improves * AmEx shares rise close to 12 percent NEW YORK, April 15 - U.S. credit card defaults rose in...
WASHINGTON, April 2 - U.S. House lawmakers agreed on Thursday to give credit card companies at least one year to rein in unfair practices, dropping an original proposal for a three-month timeframe. In a voice...
NEW YORK, April 1 - Credit card write-downs soared to record levels in February, representing an all-time high in the 20-year history of the Moody's Credit Card Index, as job losses mounted, the rating agency...
WASHINGTON, March 27 - The Senate Banking Committee on Friday said it has scheduled a meeting on March 31 to consider credit card reform legislation introduced by Chairman Christopher Dodd. Dodd earlier this year introduced...
WASHINGTON, March 26 - Key congressional panels are set to meet next week to discuss credit card legislation aimed at cleaning up unfair and deceptive...
WASHINGTON, March 26 - The U.S. Senate Banking Committee will meet on March 31 to draft pro-consumer credit card legislation, a source with direct knowledge of the plan told Reuters on Thursday. Credit card reform...
COSTA MESA, Calif., March 18 - U.S. President Barack Obama said on Wednesday he would work to improve consumer protection for credit card users during his tenure in the White House. "I generally support a...
WELLINGTON, Feb 23 - Credit card billings in New Zealand rose for the first time in four months in January, central bank data showed on Monday, but did not alter views that consumer spending remains...