Credit Card News Round up

August 10th, 2010 by cardexpert Leave a reply »

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Student-Loan Debt Surpasses Credit Cards
Wall Street Journal (blog)
(Most of revolving credit is credit-card debt.) Student loans outstanding
today — both federal and private — total some $829.785 billion,
according to …
<http://blogs.wsj.com/economics/2010/08/09/student-loan-debt-surpasses-credit-cards/>
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<http://news.google.com/news/story?ncl=http://blogs.wsj.com/economics/2010/08/09/student-loan-debt-surpasses-credit-cards/&hl=en&geo=us>

Where Baltimoreans rank in credit cards and debt
Baltimore Sun (blog)
Consumers in Baltimore have an average of 3.23 credit cards opened with a
combined balance of $6440. That puts us in 8th Place in the number of
opened …
<http://weblogs.baltimoresun.com/business/consuminginterests/blog/2010/08/where_baltimoreans_rank_in_cre.html>
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<http://news.google.com/news/story?ncl=http://weblogs.baltimoresun.com/business/consuminginterests/blog/2010/08/where_baltimoreans_rank_in_cre.html&hl=en&geo=us>

Caixa to enter Bradesco-BB credit card venture
Reuters
Elo manages Banco do Brasil’s and Bradesco’s stakes in Cielo, Brazil’s
largest credit card processor, and clearinghouse company CBSS. …
<http://www.reuters.com/article/idUSN0925504820100809>
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<http://news.google.com/news/story?ncl=http://www.reuters.com/article/idUSN0925504820100809&hl=en&geo=us>

Less Credit and Income = More Consumer Spending?
Seeking Alpha (blog)
Credit Card debt has fallen 21 months in a row. The personal savings rate
in June rose to 6.4% from 2.1% before the recession began. …
<http://seekingalpha.com/article/219530-less-credit-and-income-more-consumer-spending>
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<http://news.google.com/news/story?ncl=http://seekingalpha.com/article/219530-less-credit-and-income-more-consumer-spending&hl=en&geo=us>

New York Subpoeanas J.P. Morgan, Citi Over Health Cards
Wall Street Journal
s GE Money unit over its CareCredit health-care credit-card program. Mr.
Cuomo says some health-care providers are using "fast-talking sales
pitches" to …
<http://online.wsj.com/article/SB10001424052748703428604575419383825381448.html?mod=googlenews_wsj>
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<http://news.google.com/news/story?ncl=http://online.wsj.com/article/SB10001424052748703428604575419383825381448.html%3Fmod%3Dgooglenews_wsj&hl=en&geo=us>

New Zealand: Credit Card Spending dips to -0.1% over July
NASDAQ
FXstreet.com (Barcelona) – The Reserve Bank of New Zealand recently
reported Credit Card Spending fell to -0.1% in July from a slightly
positive reading of …
<http://community.nasdaq.com/news/2010-08/new-zealand-credit-card-spending-dips-to-01-over-july.aspx?storyid=31866>
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<http://news.google.com/news/story?ncl=http://community.nasdaq.com/news/2010-08/new-zealand-credit-card-spending-dips-to-01-over-july.aspx%3Fstoryid%3D31866&hl=en&geo=us>

Student Loan Debt Outpaces Credit Card Debt
Huffington Post (blog)
Americans owe some $826.5 billion in revolving credit, according to June
2010 figures from the Federal Reserve. (Most of revolving credit is
credit-card …
<http://www.huffingtonpost.com/2010/08/09/student-loan-debt-outpace_n_676044.html>
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<http://news.google.com/news/story?ncl=http://www.huffingtonpost.com/2010/08/09/student-loan-debt-outpace_n_676044.html&hl=en&geo=us>

Best low zero percent interest rate balance transfer credit cards – 0% No APR …
Healthy Financial Habits
Balance transfer credit card can be a great tool when it comes to reducing
your credit card balances. These cards can be an incredibly effective tool
when …
<http://www.healthyfinancialhabits.com/2010/08/09/best-low-zero-percent-interest-rate-balance-transfer-credit-cards-%E2%80%93-0-no-apr-credit-card-balance-transfer-deals-august-9-2010/>
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<http://news.google.com/news/story?ncl=http://www.healthyfinancialhabits.com/2010/08/09/best-low-zero-percent-interest-rate-balance-transfer-credit-cards-%25E2%2580%2593-0-no-apr-credit-card-balance-transfer-deals-august-9-2010/&hl=en&geo=us>

Royal Bank of Scotland Sells a Credit Card Unit
New York Times (blog)
The Royal Bank of Scotland Group agreed to sell its credit card payment
processing unit to the Advent International Corporation and Bain Capital
for £1.7 …
<http://dealbook.blogs.nytimes.com/2010/08/09/royal-bank-of-scotland-sells-a-credit-card-unit/>
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<http://news.google.com/news/story?ncl=http://dealbook.blogs.nytimes.com/2010/08/09/royal-bank-of-scotland-sells-a-credit-card-unit/&hl=en&geo=us>

S&P: US Bank-Card Charge-Offs, Delinquencies Improve In June
Wall Street Journal
Credit-card spending has fallen for 21 straight months in the US, the
Federal Reserve said Friday. "While an expected decline in unemployment,

<http://online.wsj.com/article/BT-CO-20100809-708953.html>
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<http://news.google.com/news/story?ncl=http://online.wsj.com/article/BT-CO-20100809-708953.html&hl=en&geo=us>

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