Groups on Credit Card Lending Tactics

An investor advocacy group and mutual fund firm with a focus on corporate responsibility are spreading the word about predatory lending resolutions they’ve helped to place on the proxy statements of three large banks.
Goshen, Ind.-based MMA Praxis Mutual Funds and New York-based Interfaith Center on Corporate Responsibility have placed resolutions on the proxy statements of [...]

Just Blame Credit Cards

Since learning recently that our nation has gone down the economic dumper, we’ve had time for our financial experts to offer their theories on what went wrong.
Basically, there’s been lots of fingerpointing and placing blame on everyone else but ourselves.
We’ve heard Democrats blame Republicans, and vice versa, the poor blame the rich, and vice versa, [...]

Credit Card Direct Mail Offers Decline

The number of credit card offers mailed to Americans has declined for the third consecutive quarter, according to new research from Mintel Comperemedia. Estimated acquisition mail volume for credit cards fell nearly 8% from Q1 2008 to Q2 2008 (from 1.67 billion to 1.54 billion).

Squeezed by credit card issuers

Credit Card companies use all sorts of tactics to wrestle every penny out of customers. Here’s what you need to know.
When 53-year-old Don Cressman was struggling financially, he charged a bit more than usual on his card, but carefully watched his balance to make sure he didn’t go over his limit. When he opened his credit [...]

Delta-AmeEx new credit card

Delta Air Lines has teamed up with American Express to release two new co-branded credit cards. The Delta Reserve Credit Card and the Delta Reserve for Business Credit Card will offer customers the chance to earn Medallion Qualification Miles (MQMs).

Airline Credit Cards Comparison (personal)

Here you can compare some of the top credit cards with airline reward miles. If you need more than their basic attributes, please visit their application pages to learn more about them — by clicking on “Apply” you are under absolutely NO obligation to apply for the card, you can simply read all the information [...]

American Express slides

AmEx’s stock, a component of the Dow industrials, dropped 3.4% to $56.56, and had down as much as 3.8% at its intraday low of $56.34, which was the lowest price seen since Oct. 22.
Capital One had said in a filing with the U.S. Securities and Exchange Commission on Tuesday that it anticipated 2008 charge-offs of [...]