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Debt Credit Cards

  • of England@ LONDON, Sept 25- British banks have underestimated the risks from a surge in consumer borrowing and need to hold an extra 10 billion pounds of capital to guard against future dangers, the Bank of England said on Monday. Last month the BoE forecast the economy would slow next year, partly due to Britain's looming departure from the European Union, and...

  • of England@ LONDON, Sept 25- British banks have underestimated the risks from a surge in consumer borrowing and need to hold an extra 10 billion pounds of capital to guard against future dangers, the Bank of England said on Monday. Last month the BoE forecast the economy would slow next year, partly due to Britain's looming departure from the European Union, and...

  • BRIGHTON, England, Sept 25- Britain's opposition Labour Party set out plans on Monday to nationalize billions of pounds of privately-funded infrastructure contracts, cap credit card interest charges, and get extra cash from large corporations. Although no election is due until 2022, it is preparing for Theresa May's Conservative minority government to...

  • BRIGHTON, England, Sept 25- Britain's opposition Labour Party set out plans on Monday to nationalise billions of pounds of privately-funded infrastructure contracts, cap credit card interest charges, and get extra cash from large corporations. Although no election is due until 2022, it is preparing for Theresa May's Conservative minority government to...

  • LONDON, Sept 25- Britain's financial watchdog rejected calls to cap interest rates charged on credit cards on Monday, saying that planned measures to help people avoid excessive debt should be given time to work. "We are not there at the moment," Andrew Bailey, chief executive of the Financial Conduct Authority, said in response to calls from Britain's Labour...

  • REUTERS SUMMIT- FCA CEO WANTS TIME FOR NEW CREDIT CARD MEASURES TO WORK BEFORE CONSIDERING EXTRA STEPS.

  • REUTERS SUMMIT- FINANCIAL CONDUCT AUTHORITY CEO SAYS NOT THE TIME TO CAP CREDIT CARD RATES.

  • risks@ LONDON, Sept 25- British lenders need to hold around an extra 10 billion pounds in capital to guard against increased risks from rapidly rising unsecured consumer lending, the Bank of England said on Monday. British consumer borrowing is growing at nearly 10 percent a year, far faster than incomes, and the BoE's Financial Policy Committee said it would tell...

  • LONDON— The Bank of England warned Monday of "a pocket of risk" in the rapid growth of consumer credit in the British economy, and is compelling lenders to hold an extra 10 billion pounds in capital to cover themselves against potential losses. The fast rise in credit like car loans or credit card debt may not be a threat to the overall economy, accounting for just 11...

  • NEW YORK, Sept 21- U.S. consumer credit reporting bureau Equifax Inc risks losing support from banks unless it can show its database on millions of borrowers is secure from another cyber-attack. "Given the level of interdependence between lenders and these data providers, they have a vested interest in there being more than two and would like Equifax to still...

  • NEW YORK, Sept 21- U.S. consumer credit reporting bureau Equifax Inc risks losing support from banks unless it can show its database on millions of borrowers is secure from another cyber-attack. "Given the level of interdependence between lenders and these data providers, they have a vested interest in there being more than two and would like Equifax to still...

  • Equifax trading information and the company logo are displayed on a screen where the stock is traded on the floor of the New York Stock Exchange in New York.

    Consumers were referred to a site that mocked Equifax instead of assisting consumers.

  • A new federal rule banning mandatory arbitration remains in limbo as the Senate considers a resolution to kill it.

  • Sept 15- U.S. banks, already under pressure from slower loan growth and low interest rates, could be facing yet another challenge as a rising number of Americans fall behind on their credit card payments. "A noticeable rise in delinquency rates- even from very low levels- is worth paying attention to," said Andrew Haughwout, senior vice president at the New York...

  • Americans feel safer using debit cards over credit cards, new data show, but that could be a financial risk.

  • Where you live determines what you'll pay to put a lock on your credit report.

  • Equifax trading information and the company logo are displayed on a screen where the stock is traded on the floor of the New York Stock Exchange in New York.

    Accounts on Equifax's Argentina website were protected by user name "admin" and password "admin," a potential vulnerability in security

  • American consumer debt has rebounded to prerecession levels, and the category that includes credit cards hit a record $1.02 trillion this summer. Maybe your credit card debt has crept up too, setting your own personal record. It makes sense to pay particular attention to your credit cards, because their interest rates are typically higher than other types of...

  • NEW YORK, Sept 12- In the wake of the Equifax Inc data breach that has exposed an estimated 143 million customer records to hackers, consumer credit experts have been recommending freezing one's credit as a protection against identity theft. But most people will probably not heed the call as it is simply too hard. Credit card expert Matt Schulz, senior analyst for...

  • Businessman looking at documents with magnify glass

    The Equifax breach could affect 143 million consumers. What steps to take next to make sure you're protected.