Consumer Credit Growth Cools, Credit Card Use Sags In September, growth in consumer credit cooled as households appeared to use their credit cards less frequently. According to Federal Reserve data released this week, consumer credit grew $11.36 billion in September, lower … Continue reading
Many Card Companies Dumping Credit Protection Plans Credit card holders could soon be saying good-bye to some costly add-on products that promised peace-of-mind during a disaster, such as a job loss. And many consumer groups say good-riddance. Several consumer advocates … Continue reading
Dutch financial services company ING is Capital One's biggest stakeholder but will soon sell all of its 54 million shares. These shares represent an estimated 9 percent of Capital One. The underwritten value of the public offering will be approximately … Continue reading