* Bank of America charge-off rate soars to 12.50 percent * American Express default rate rises to 10.40 percent * JPMorgan credit-card default rate rises to 8.36 percent * Capital One charge-off rate goes up...
* Hoyer expects House approval on Wednesday * Citigroup, Bank of America among those affected * Coburn gun rights amendment tacked onto bill (Adds Hoyer, Geithner comments, background, stock prices) WASHINGTON, May 19 - The...
* Obama wants teaser rates to last at least 6 months * More disclosure, opt-in on exceeding credit limit *...
* Obama wants teaser rates to last at least 6 months * More disclosure, opt-in on exceeding credit limit * House to vote Thursday on measure (Recasts; adds Senate majority leader comments, background) WASHINGTON, April...
* Obama says seeks end to "abusive" rate increases * Obama says credit contracts must be in plain language * Obama says wants legislation "very soon" (Updates with Gibbs, ABA comments, Dodd-Schumer letter) WASHINGTON, April...
*Bill would give issuers at least 1 year to make changes *Maloney optimistic president will get bill this year *Full committee could vote soon after April break (Adds committee vote, payment provision, Ackerman comment) WASHINGTON,...
Given Wal-Mart's massive customer base and the current turmoil in the banking industry, the move could have a big impact on lending in the U.S. Just the idea of it is winning praise from consumer advocates, some of whom have battled the controversial retailer
* JPMorgan says drops mandatory arbitration * Bank resolves its portion of antitrust lawsuit NEW YORK, Nov 20 - JPMorgan Chase & Co <JPM.N> on Friday said its credit card contracts will no longer require...
WELLINGTON, Nov 20 - Credit card billings in New Zealand edged up in October, showing consumers are still cautious as the country emerges from a long recession. The Reserve Bank of New Zealand said on...
BANGKOK, Nov 11 - Krungthai Card <KTC.BK>, Thailand's top credit card issuer, said on Wednesday it expected to add about 180,000 new cards this year, above its target, and up to 200,000 next year as...