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China Cracking Down on Credit Card Issuers

Aug. 13, 2009
Rising debt, especially among young Chinese who were poor candidates for credit cards in the first place, has put a strain on some families.
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Senate strikes credit card bill compromise

WASHINGTON, May 12 (UPI) -- Top Senate Banking Committee members reached a compromise on a bill that would protect U.S. consumers from abusive credit card industry practices.

Canadian credit card losses on the rise

TORONTO, Feb. 4 (UPI) -- Canadian credit card users are increasing their debt balances and taking longer to pay, analysts and federal officials say.

Credit card defaults rising, banks say

NEW YORK, Oct. 16 (UPI) -- Credit card defaults are rising among U.S. consumers in an already tightening credit environment, various banks said.

Credit card companies face scrutiny

WASHINGTON, Dec. 2 (UPI) -- U.S. credit card issuers are under pressure to change some profitable practices, like raising interest rates based on card-holders' other debts.

U.S. consumer credit up in July, slightly

WASHINGTON, Sept. 8 (UPI) -- U.S. consumer credit rose slightly in July to an annualized rate of 2.5 percent, after rising at a nearly 4 percent pace in the second quarter.

Credit card penalty fees exceed 30 percent

NEW YORK, Aug. 11 (UPI) -- U.S. credit-card companies are charging record-high penalties to users who miss payments.

Credit card fees, penalties are climbing

WASHINGTON, July 29 (UPI) -- U.S. credit card issuers are hiking interest rates and late fees, especially for those whose cards have floating or variable rates.

Barclays to enter U.S. credit card market

LONDON, Aug. 18 (UPI) -- British bank Barclays said Wednesday it will buy the Juniper Financial Corp. of Wilmington, Del., for $293 million.

Court OK's credit card fee listing

WASHINGTON, April 21 (UPI) -- The U.S. Supreme Court Wednesday approved a regulation allowing credit cards to show over-the-limit fees separately from finance charges.

Thailand tightens credit card regulations

BANGKOK, March 29 (UPI) -- The Bank of Thailand in Bangkok has cracked down on the nation's credit card issuers in an effort to slow down a possible consumer credit increase.
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President Obama awards the Presidential Medal of Freedom in Washington
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President Barack Obama awards the the Presidential Medal of Freedom to singer/songwriter Bob Dylan during a ceremony in the East Room at the White House in Washington on May 29, 2012. The Medal of Freedom is our NationÕs highest civilian honor, presented to individuals who have made especially meritorious contributions to the security or national interests of the United States, to world peace, or to cultural or other significant public or private endeavors. UPI/Kevin Dietsch