Credit Card Issuers NEWS
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On Friday, the Federal Reserve announced that credit card lenders cannot evaluate the repaying ability of the applicant based on the “household” income. All credit card application forms, till date, had the “household” income section that needed to be filled by the applicants. Credit card issuers used to take this figure into consideration, in addition […]
The stock of American Express Co., dropped the most on the Industrial Average of the Dow Jones after an announcement about cuts in debit card fees would be followed with cuts in credit card fees as well. The shares dropped 3.4%, by 1.51 dollars, which is the biggest drop over the last couple of months. […]
There seems to be a continuous game between the credit card issuers and the Federal Reserve people. Recently in October, the Federal Reserve had to issue a lot of clarifications as far as the regulations on credit card fee were concerned. This was following concerns about the fact that the credit card issuers have managed […]
The credit card industry seems to have come of age. Until recently, they were aggressive with their marketing and in the bargain not sparing the aged, minors or the family pets. After having undergone huge financial losses which could have well been avoided, the liquidity seems to have reduced. The credit card accountability, responsibility, and […]
At some point in time, most customers would have faced a situation of having missed a credit card payment. It could have occurred due to simple oversight, or due to the misplacement of a bill, or the fact that the person concerned was travelling and hence unavailable to pay off the bill. Paying a bill […]
