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Credit Card Crackdown
Credit card issuers striving for increased profitability are taking action by closing inactive accounts, lowering credit limits and raising rates and fees, reports Mintel Comperemedia. What's your credit card issuer up to?

Credit Card Companies Take What They Can Get
Credit card companies are rushing to settle even if that means forgiving a portion of some borrowers? debts.

Losses for credit card companies could top $70 billion in 2009
Credit card cos have little to celebrate as many analysts brace for 2009 to be one of the worst years for consumer credit. Guarding credit card | Elastic with plastic

Despite The Bad News, Bank Customers Will Find Some Deals In 2009
Despite The Bad News, Bank Customers Will Find Some Deals In 2009

First National Bank of Omaha's president retires
Rajive Johri, president, First National Bank of Omaha, has announced his retirement and plans to return to his home in Greenwich, Conn., said Bruce R. Lauritzen, chairman. Daniel K. O'Neill, president, First National of Nebraska, has been named the new president of First National Bank.

Colleges profit from credit cards
(By Jonathan D. Glater, New York Times) When Ryan Muneio was tailgating with his parents at a Michigan State football game this fall, he noticed a big tent emblazoned with a Bank of America logo. Inside, bank representatives were offering free T-shirts and other merchandise to those who applied for credit cards and other banking products. “They did a good job,” Muneio, 21 and a junior at ...

Princeton economist says bank fears keep consumers from benefiting from bailout
As the new owner of $172.5 billion of preferred shares and warrants in 208 U.S. financial institutions, the Treasury Department hasn't succeeded in thawing frozen credit markets, leaving taxpayers propping up an industry that won't lend to them.