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Debt Credit Cards

  • Dan Schulman

    Credit Suisse reiterated its outperform rating on PayPal shares after the firm's online payments behavior survey.

  • Fear of falling into debt keeps many young people from applying for credit cards, but managed, they are key to long-term financial health.

  • April 10- U.S. consumers are taking out debt at a far faster rate than their incomes or the economy are growing, and just as we may be hitting a peak in employment. U.S. consumers have run up over $1 trillion on credit cards, hitting a level not seen since January 2009 and up 6.2 percent from a year ago. Student and auto loans are also at $1- trillion- plus levels and also...

  • US college debt ballooning

    America's college debt is touching new highs.

  • Credit card coffee purchase

    Seventeen percent of cardholders used plastic for small transactions, up from 11 percent last year, according to a new survey.

  • Credit card transaction

    The Federal Reserve says that total borrowing rose $15.2 billion in February, the biggest gain in three months and an acceleration from January's increase of $10.9 billion.

  • April 5- Wells Fargo& Co has restructured its credit card processing business after an internal probe found some employees had falsely reported customer sales numbers, the Wall Street Journal reported on Wednesday. Wells Fargo was not immediately available for comment. Wells Fargo is also battling lawsuits from former employees, customers and shareholders...

  • *UK consumer borrowing boosted by easier credit- BoE. *Outlook darker for UK households as prices rise, wages weak. LONDON, April 4- A surge in consumer lending means British banks are at risk of incurring losses, the Bank of England said on Tuesday, warning that some might be letting credit standards slide as they compete to offer debt to households.

  • SYDNEY, March 31- Latitude Finance Australia, a non-bank lender, sold Australia's first securitisation of credit card debt with a A $1 billion issue, opening the way for banks seeking new funding sources. "All we have in Australia, really, is mortgage-backed securities, so to diversify out of housing is very good," said Raymond Lee, a portfolio manager for Kapstream...

  • SYDNEY, March 31- Latitude Finance Australia, a non-bank lender, sold Australia's first securitisation of credit card debt with a A $1 billion issue, opening the way for banks seeking new funding sources. "All we have in Australia, really, is mortgage-backed securities, so to diversify out of housing is very good," said Raymond Lee, a portfolio manager for Kapstream...

  • *Unit, World's Foremost Bank, provides branded credit cards. The unit, called World's Foremost Bank, was supposed to be bought by Capital One last year, but the deal wasn't able to get timely regulatory approval. Cabela's in October last year agreed to be bought by rival Bass Pro Shops in a deal valued at $5.5 billion, uniting two of the country's largest hunting and...

  • *Unit, World's Foremost Bank, provides branded credit cards. The unit, called World's Foremost Bank, was supposed to be bought by Capital One last year, but the deal wasn't able to get timely regulatory approval. Cabela's in October last year agreed to be bought by rival Bass Pro Shops in a deal valued at $5.5 billion, uniting two of the country's largest hunting and...

  • March 29- Synovus Financial Corp will buy the financial unit of outdoor goods retailer Cabela's Inc, a source familiar with the matter told Reuters. Synovus will keep the deposits held by the unit and resell its credit-card portfolio to Capital One Financial Corp, the source said. The unit, called World's Foremost Bank, was supposed to be bought by Capital One last...

  • WASHINGTON, March 29- The U.S. Supreme Court on Wednesday threw out a ruling that upheld a New York law barring retailers from charging more to buy with credit, sending the case back to a lower court to decide as a free speech issue not as pricing regulation. The justices returned the matter to the New York- based 2nd U.S. Circuit Court of Appeals, which upheld the law in...

  • Supreme Court sends swipe fee case back to lower court

    CNBC's Hampton Pearson reports the latest on New York businesses challenging the New York state law regarding credit card surcharges.

  • WASHINGTON, March 29- The U.S. Supreme Court on Wednesday said a New York law barring retailers from charging more to buy with credit instead of cash is a speech regulation and sent the case back to a lower court for further review. The court, in a 8-0 decision, threw out a lower court's ruling upholding the New York law as a price regulation. Merchants contend laws like...

  • Credit score

    Most credit scores are comprised of five major factors, although some are weighted more heavily than others, such as payment history and debt owed.

  • WASHINGTON, March 27- The U.S. Supreme Court on Monday declined to hear a bid by retailers to revive a $7.25 billion antitrust settlement they reached with Visa Inc and Mastercard Inc over claims the card networks improperly fixed credit and debit card fees. The brief Supreme Court order noted that Chief Justice John Roberts and Justice Samuel Alito did not...

  • WASHINGTON, March 27- The U.S. Supreme Court on Monday declined to hear a bid by retailers to revive a $7.25 billion antitrust settlement they reached with Visa Inc and Mastercard Inc over claims the card networks improperly fixed credit and debit card fees.

  • Mastercard CMO Raja Rajamannar explains how his company can make money from marketing, but it's still about supporting the core business.