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 [...]
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 [...]