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The Central Bank of UAE will cap credit card interest rates at 18 per cent per annum, or 1.5 per cent per month, the Sharjah-based Arabic newspaper Al Khaleej reported this morning, citing unnamed sources. The source also told the daily that the central ...
Discover claims that it has over one million enrolled customers, and the company has earned the revenue to prove it. Since Discover's 2007 IPO, revenue on debt cancellation and deferment plans has skyrocketed. The credit card company posted $241 million in ...
Demand for credit cards is "feeling the strain" as UK borrowers turn to other forms of finance, a report has said. Households paid off some unsecured debts in 2011, but were still left with an average debt of about £7,900, PricewaterhouseCoopers (PwC) said.
LONDON — The sale of MBNA Europe, Bank of America Corp.'s U.K. and Ireland credit-card business, has been abandoned, a person familiar with the matter told Dow Jones Newswires Monday. A spokesman for Bank of America declined to comment Monday ...
Levels of fraud, including credit card misuse and the fraudulent use of identity details, have risen over the past 12 months, according to the latest report from CIFAS, a nonprofit membership organisation focused on fraud prevention. Figures show that the ...
SHANGHAI -(Dow Jones)- Citigroup Inc. (C) said Monday it will issue credit cards on its own in China, as it looks to capitalize on the country's increasing consumption power as well as expand in the world's second-largest economy. The U.S. bank ...
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