Thursday October 20, 2005 — The Guardian
The country’s biggest credit card companies are resisting demands by the Office of Fair Trading, the consumer watchdog, that they should cut default fees of up to £25 levied on customers who fail to pay their bills on time. Barclaycard, the country’s largest and oldest credit card company with nine million customers, and America’s MBNA are believed to be the most determined in their defence of the default charge, which City analysts believe could be worth as much as £1bn a year in income to the card companies.
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Popularity: 5% [?]
When considering recent issues with General Motors, identity theft and the GM credit card, combined with the high cost of fuel and slowdowns in the auto industry, one must ask if General Motors is considering the sale of General Motors Acceptance Corporation and GMAC’s residential mortgages. Intelligent minds conclude that GM would not turn to HSBC, a bank that had issues with the GM Card.
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Popularity: 15% [?]
CSR Wire – Corporate Social Responsibility Newswire Service – sounds good doesn’t it? And it is, said HSBC Watch consumer advocates, but the fox is in the hen house according to the group. Let’s examine this:
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Popularity: 6% [?]
Friday, October 14, 2005 – WASHINGTON-
President Bush’s tax reform commission will recommend limiting the home mortgage interest deduction to the interest paid on the first $300,000 or $350,000 of a mortgage, far below the law’s limit of $1 million.
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Popularity: 3% [?]
For October retirement checks the Federal Reserve transferred Social Security payments and military retirement checks to banks on September 28, 2005, at 1900 hours. With few exceptions, funds were not available to recipients until the nightly update on the night of Monday, 3 October 2005. The banks, therefore, got to use your money for five days. Since the source of the bank’s deposit was the Federal Reserve the deposits were low risk.
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Popularity: 5% [?]
