Latest News in Credit Card Debt - Dec 21, 2007
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Troubles Are Deepening At Target’s Credit-Card Unit - CNN Money
20 Nov 2008 at 1:31pm
NEW YORK -(Dow Jones)- New data indicate that delinquencies for Target Inc.’s (TGT) securitized credit-card portfolio are rising at historic rates and the trend is accelerating. The sharp deterioration raises questions about a stepped-up role by …
Regulators nix credit card debt forgiveness plan - Yahoo News
13 Nov 2008 at 2:01pm
WASHINGTON ? Federal bank regulators have rejected a request by banks and consumer advocates for a program to let lenders forgive huge portions of credit card debt. The Office of the Comptroller of the Currency rejected the request for a special …
Looming credit card debt may be next crisis - Reuters
13 Nov 2008 at 4:10pm
NEW YORK (Reuters) - Top financial executives see no quick end to the global economic storm, warning this week that the current crisis could hold more surprises due to looming credit card debt. The United States is leading the world into a recession …
Report: Bankruptcy reform didn’t help - U-Wire.com
20 Nov 2008 at 2:43pm
A study by a University of Iowa law associate professor has found that a three-year-old federal bankruptcy reform hasn’t met expectations, officials said Wednesday. The study reported that the 2005 bankruptcy law has neither protected those with low …
There?ll be no forgiving debt on credit cards - Houston Chronicle
11 Nov 2008 at 4:55pm
WASHINGTON ? Federal bank regulators have rejected a request by banks and consumer advocates for a program to let lenders forgive huge portions of credit card debt. The Office of the Comptroller of the Currency rejected the request for a special …
Citi shares sink despite Saudi prince’s investment - WTOP Radio
20 Nov 2008 at 1:38pm
NEW YORK (AP) - Citigroup Inc. shares tumbled below $5 a share Thursday for the first time in 15 years, a sign that a Saudi prince’s decision to boost his stake in the bank failed to galvanize confidence among increasingly anxious investors. Prince …
Ap » Business - Waterloo Cedar-Falls Courier
20 Nov 2008 at 2:36pm
NEW YORK - Citigroup Inc. shares tumbled below $5 a share Thursday to their lowest level in more than 15 years, a sign that a Saudi prince’s decision to boost his stake in the bank has failed to galvanize confidence among increasingly anxious …
Steps to debt freedom - Town Hall
18 Nov 2008 at 4:54pm
GAINESVILLE, Ga. (BP)–The current world economy is squeezing American families with mounting financial pressures. The subprime disaster, declining home values, escalating foreclosures and inflationary costs of consumer goods — especially gasoline …
We’re up to our eyeballs in debt - CNEWS
14 Nov 2008 at 1:35am
Canadians are carrying $1 trillion worth of personal debt and federal policy will only add to the burden, federal NDP leader Jack Layton says. The federal government is moving toward injecting billions in capital into money markets to encourage bank …
Credit card bailout, open government and Navy sonar, plus Reader … - Seatt…
13 Nov 2008 at 11:24am
CREDIT CARDS — Treasury Secretary Hank Paulson plans to help consumers with credit card debt. Is this a good idead? Not when you consider the moral hazard. Mark Trahant is writing this editorial, email: marktrahant@seattlepi.com SUNSHINE — Sunshine …
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December 21 2007 10:39 am | Credit Card Debt News
