Archive for May, 2009

Nevadans’ credit scores dip as economy tanks

Nevadans’ credit scores dipped as the state’s economy tanked during the housing industry meltdown, according to a credit reporting bureau. (37 mins ago)

IBQ launches new credit cards

IBQ has expanded its credit card portfolio by launching IBQ Gold MasterCard, IBQ Platinum Visa and IBQ Infinite Visa cards and offering 5% cash back? on purchases using these cards. (4 mins to go)

Around The Capitol

In a White House ceremony, President Obama signed the Credit Cardholders? Bill of Rights Act, which offers a comprehensive approach to protecting consumers from unfair credit card practices. (10 mins ago)

Target Holders Re-elect Board, Reject Ackman Nominees

May 28 — Target Corp. shareholders re-elected the retailer’s existing directors, rejecting a slate nominated by hedge-fund manager William Ackman after two months marked by dueling claims. (2 mins to go)

JPMorgan sees rising credit card losses

JPMorgan Chase & Co. CEO Jamie Dimon sees more trouble ahead for the bank’s credit card and commercial real estate businesses. But Dimon said his bank is more than well equipped to handle rising loan losses if the recession worsens. (6 mins to go)

Atlanta Ranks Top for New Business

Out of work and out of luck: more Atlantans are taking a risk and starting their own businesses. A new study shows the city and the state rank as one of the most popular places to launch new ideas. Web Extra: New Business Resources (15 mins ago)

Fertile Ground or Saturation?

No longer quaint hallmarks of rural America, farmer? markets in California have more than doubled over the past decade to 550, sprouting up in trendy urban enclaves, and becoming the resource of choice for consumers of fresh produce. (3 mins to go)

Fertile Ground or Saturation?

No longer quaint hallmarks of rural America, farmer? markets in California have more than doubled over the past decade to 550, sprouting up in trendy urban enclaves, and becoming the resource of choice for consumers of fresh produce. (20 secs ago)

Ottawa introduces new credit card regulations

However, it stopped short of introducing caps on interest rates or retailer transaction fees, raising the ire of merchant coalitions (8 mins to go)

Remarks by the President at signing of the Credit Card Accountability, Responsibility and Disclosure Act

THE PRESIDENT: Hello, everybody. Please, have a seat — I’m sorry. It is a great pleasure to have all of you here at the White House on this gorgeous, sunny day. The sun is shining. The birds are singing. Change is in the air. (8 mins to go)