We just learned Citibank is informing their customers it will impose an $35 annual fee unless a minimum of $2400/yr is charge on their credit card accounts. This is, of course, part of the unintended consequences of the new credit card reform laws. We wrote previously wrote about another unintended consequence, the [...]
Entries Tagged as 'Wall Street Journal'
Credit Card Companies Instituting “Minimum Annual Purchase” Policies
August 26th, 2009 · No Comments · Banking, Credit Cards
Tags: american express·annual fee·bank of america·Citibank·Credit card·Discover·minimum annual purchase·Wall Street Journal
Can’t Pay for that Tchotchke You’ve Just Won on Ebay? Finance it!
May 16th, 2008 · No Comments · Consumer Debt
The Wall Street Journal is reporting today that Internet auction site eBay Inc. is going to start offering financing to customers would can’t afford to pay for items they’ve purchased on eBay. The financing would be provided with credit issued by General Electric Co.’s consumer-credit arm.
Is eBay really hurting that much – or [...]
Tags: Consumer Credit·eBay·Financing·General Electric·PayPal·Wall Street Journal
Surprisingly, Corporate Debt is Lower than it’s Been in Decades
February 11th, 2008 · No Comments · Consumer Debt
According to an article in the Wall Street Journal today, percentage of consumer income (after taxes) going towards debt has edged up to 14% since 1990.
But the opposite is true in the corporate sector, where income which has gone to pay off debt has gone from over 25% in 2001 to 11% in 2007. [...]
Tags: Consumer Income·corporate debt·Economic Recession·Pay Off Debt·Wall Street Journal
Credit Cards are trending on the tough side
February 6th, 2008 · No Comments · Credit Cards
From the Wall Street Journal.
Tags: Credit Cards·Issuers·Tightening Standards·Underwriting·Wall Street Journal
