Senate letter for detailed credit card fee info

Several U.S. senators want Visa, Inc. and MasterCard, Inc., the dominant electronic payment companies, to break down detailed costs associated with transactions called interchange fees, according to letters obtained by Reuters on Tuesday.
In letters to the two companies, the senators demanded information about methodologies and specific data used to establish interchange fees. The letters are [...]

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).

Europe’s own credit card system

PARIS, April 16 (Reuters) – The French Banking Federation said on Wednesday that French and German banks were studying the possibility of setting up a European credit card to rival U.S. giants Visa and MasterCard.

Having Problems At The Pump?

These days, it’s a whole lot quicker and easier to pay by credit card at the pump. But if you have a van or sport utility vehicle, it costs a lot more to fill your tank.
Monroeville home improvement contractor Ken Sarver drives around in a large truck. With gas at $3.35 a gallon, it costs [...]

Issuers Lowering Credit Card Limits

March 19 (Bloomberg) — Credit card companies including HSBC, MBNA. and Capital One. are lowering borrowing limits for thousands of customers amid the current financial squeeze, the Daily Telegraph said, citing unidentified industry sources.

Target Boosts Credit Card Sales

Target (TGT) is expanding its consumer lending operations right into the teeth of a recession.

The Wall Street Journal reports the big box retailer saw outstanding credit card loans jump 29% from a year ago, even as most financial firms scale back consumer lending. By comparison, Capital One’s (COF) U.S. credit card business shrank by 2.8% [...]

Obama’s Plan for the Economy, Part II.

Address Predatory Credit Card Practices: Obama will establish a five-star rating system so that every consumer knows the risk involved in every credit card. He also will establish a Credit Card Bill of Rights to stop credit card companies from exploiting consumers with unfair practices.

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