Chase, Citi and Capital One Vie for Sign-Ups to $100 ‘Cash Back Bonus’
You’ve probably already seen the promotion in your e-mail inbox, your actual mailbox or on countless website ads: A $100 “cash back bonus” if you sign up for a credit card.
Three of the biggest card issuers ...
Capital One Makes Giving Easier as Online Donations See Jump
It’s not just online shopping that’s seeing a surge lately. Despite ongoing economic challenges, online giving is up as much as 20 percent, according to the prominent Internet charity portal, Network for Good.
And ...
Wall Street Wary of Credit Card Reform’s Impact
Despite a mostly positive group of earnings reports this week from the biggest credit card-issuing companies, forecasts of possible profit trouble ahead as card reform laws take affect are rattling Wall Street.
Particularly ...
Credit Card Write-Offs Still Troubling as Reform Looms
Facing a pivotal year ahead with hopes of a turnaround despite looming reform laws, most credit card issuers saw declines in December delinquencies – or the 30-days late rate - but charge-offs are still ...
More Credit Card Issuers to Drop Mandatory Arbitration
In the new year, a fast growing number of credit card holders won’t have to settle disputes over their charges through mandatory arbitration, a long-standing process that critics and lawmakers contend nearly ...
Treasury Projects $19B Profit from ‘Bank Investments’
Bank of America has repaid it’s $45 billion portion of bailout money, bringing the total bank repayments to U.S. coffers to $118 billion, the U.S. Treasury said today.
Moreover, the Treasury projects a $19 ...
Analysts Upgrade AmEx, Capital One and Discover
Analysts at Bank of America/Merrill Lynch today upgraded three credit card companies – American Express (AXP), Capital One (COF) and Discover (DFS) – to neutral from underperform, bolstored in part by ...
Treasury to Reap $146.5M from Capital One Warrants
The U.S. Treasury will earn $146.5 million from the auction of Capital One’s stock warrants, an arrangement that stems from the initial bailout of the banking giant.
“The net proceeds to Treasury from ...
Bailout Leftovers: Treasury to Sell Warrants for Capital One Stock
In its first sale of assets acquired under the unpopular bank bailouts, the U.S. Treasury will auction warrants to buy stock in Capital One, one of the top credit card issuers, at a minimum price of $7.50.
Capital ...
Chase, Nation’s Top Credit Card Issuer, Ends Mandatory Arbitration
JPMorgan Chase, the nation’s top credit card lender, said today it will no longer require customers to settle disputes through arbitration, a practice that lawmakers and consumer advocates claim to nearly ...
