Russian Credit Card Firm Jumps After IPO The initial public offering for Oleg Tinkov’s credit card company in Russion raised $1.1 billion, valuing the company at about $3.2 billion. Mr. Tinkov said he got the idea for the credit card business after receiving a direct mail advertisement from Capital One while visiting San Francisco. Future growth will be slowed by

LowCards.com Weekly Credit Card Update–October 25, 2013
October 25, 2013
credit cards
, Consumer Financial Protection Bureau
, Richard Cordray
, student loans
, American Express
, JP Morgan Chase
, MasterCard
, CFPB
, Visa
, unemployment
, financial crisis
, credit card APR
, credit card usage
, credit card processors
, loan servicers
, credit card companies
, Oleg Tinkov
, Tinkoff Credit Systems
, pawnshops
, Bernard Madoff
, bill collectors
, collateral lenders
, credit card interest
, shadow lending
, Tinkoff credit cards
Lynn Oldshue