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Credit Card News

  • Cielo Falls as Brazilian Lawmaker Proposes Credit-Card Rules

    Cielo SA, Brazil’s biggest processor of credit-card payments, declined the most in seven months after a lawmaker proposed a bill to curb fees that the industry charges.

  • When Success Means Being Turned Down by the Bank

    You’d think selling your wine brand to E&J Gallo would put you squarely on Easy Street. As accidental wine merchants Bonnie Harvey and Michael Houlihan found out, personal finance and entrepreneurship can make an awkward pair.

  • Capital One Plans to Fire 26 in New York Operations Center

    Capital One Financial Corp., the bank that gets more than half of its revenue from credit-card lending, plans to dismiss 26 employees later this year at a facility in Long Island, New York.

  • Obama’s Commerce Pick Got $54 Million from Bahamas Trust

    U.S. Commerce Secretary nominee Penny Pritzker received $54 million last year from an offshore trust in the Bahamas, according to a disclosure report that describes an empire of casinos, hotels, energy companies and family trusts that may be worth more than $2 billion.

  • Save Yourself!

    March 1, 2013 - In a Saturday Night Live skit from several years ago, a TV pitchman played by Chris Parnell claims to have the solution for a couple (played by Steve Martin and Amy Poehler) stressed out by credit card debt. "I developed this unique new program for managing your debt," he says, handing Poehler a booklet. "It's called: "Don't Buy Stuff You CANNOT Afford."

  • Itau Agrees to Pay Citi $1.37 Billion to Reclaim Credicard

    Itau Unibanco Holding SA, Latin America’s largest bank by market value, agreed to buy Citigroup Inc.’s Credicard unit for 2.77 billion reais ($1.37 billion), gaining an additional 10 percent share of Brazil’s card market.

  • AmEx, Merck Lead $16.5 Billion of Company Bond Issuance in U.S.

    American Express Co., the biggest credit-card issuer by purchases, and drugmaker Merck & Co. led borrowers selling or planning to issue at least $16.5 billion of bonds in the U.S. today.

  • What's in a Credit Score? Few Know.

    (Corrects statement that some employers use credit scores in hiring decisions; some use credit reports.)

  • Visa, MasterCard Swipe Deal Draws Little Rock Objection

    Little Rock, Arkansas, objected to a multibillion-dollar settlement of a price-fixing case against Visa Inc. and MasterCard Inc. over the fees charged to merchants to process credit-card transactions.

  • AmEx Issues $1.85 Billion in Second Two-Part U.S. Sale This Year

    American Express Co. issued $1.85 billion of five-year notes in its second two-part offering in the U.S. this year.

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