Capital One Financial Corp Reports A Record 4th Quarter Loss
Capital One Financial Corp. is the parent company of credit card behemoth Capital One. It also has recently gotten into the branch banking business by buying Louisiana based Hibernia and New York based North Fork Bancorp. They have also reached an agreement to buy Chevy Chase Bank which serves the Washington D.C. area. Capital One, [...]
Consumers Are Turning To Rewards Credit Cards
With consumers feeling the pinch of bad economic times, people are turning to rewards credit cards more and more in an attempt to stretch their spending dollars while riding out the current recession. A recent Standard & Poor’s survey indicates that many Americans are specifically using their rewards credit cards when purchasing necessities such as [...]
New Credit Card Regulations Go Into Affect In July 2010
After receiving more than 65,000 complaints on its web site, the Federal Reserve Board has taken unprecedented steps to reign in credit card issuers. The U.S. government is finally acting in the best interest of the consumer by passing sweeping regulations that are designed to root out the unfair practices that have long been the [...]
