Capital 1 shares tumble as September card default, delinquency rates worsenOctober 15th, 2009 Capital 1 shares tumble as default rates worsenNEW YORK — Rising credit-card defaults are weighing on shares of Capital One Financial Corp. The McLean, Va., company said in a regulatory filing with the Securities and Exchange Commission that its annual net charge-off rate rose to 9.77 percent last month from 9.32 percent in August.
Six arrested for credit card fraudOctober 15th, 2009 KANNUR - Six people were arrested here for their alleged involvement in credit card frauds, the police said Thursday. Five of the arrested men are from Mumbai and the other from Kerala.
Capital One shares tumble as September card default, delinquency rates worsenOctober 15th, 2009 Capital One shares tumble as default rates worsenNEW YORK — Rising credit-card defaults are weighing on shares of Capital One Financial Corp. The McLean, Va., company said in a regulatory filing with the Securities and Exchange Commission that its annual net charge-off rate rose to 9.77 percent last month from 9.32 percent in August.
Charming Shoppes swings to profit in 2nd-quarter despite double-digit sales dropAugust 26th, 2009 Charming Shoppes swings to 2Q profitBENSALEM, Pa. — Women's clothing retailer Charming Shoppes Inc.
Correction: Q&A on credit card reformsAugust 21st, 2009 Correction: Q&A on credit card reformsNEW YORK — In an Aug. 19 story about credit card reforms, The Associated Press erroneously reported that cardholders will face fewer surprises about credit limit changes under the new rules.
Summary Box: Miami hacker's journey from altar boy to defendant in huge card heistAugust 20th, 2009 Summary Box: Accused card hacker lived largeA HACKER'S TALE: Albert Gonzalez, 28, is charged with taking part in the biggest credit card hacks of the decade, totaling 170 million accounts. He allegedly continued to pilfer card data from retailers even after getting caught and becoming an informant for federal agents.
Chase introduces new Chase Sapphire credit card for top-earning customersAugust 19th, 2009 Chase introduces new card for wealthiest customersWILMINGTON, Del. — Chase Card Services, a unit of JPMorgan Chase & Co., said Wednesday it will now offer a rewards card designed for wealthy customers.
Man charged with stealing 130M credit card numbers in record identity theftAugust 18th, 2009 Prosecutors say man stole 130M credit card numbersWASHINGTON — A former government informant known online as "soupnazi" stole information from 130 million credit and debit card accounts in what federal prosecutors are calling the largest case of identity theft yet. Prosecutors said Monday that Albert Gonzalez, 28, of Miami broke his own record for identity theft, though his exploits ended when he went to jail on charges stemming from an earlier case involving 40 million accounts.
Rate of losses on JPMorgan Chase credit cards declines in July, delinquencies improveAugust 17th, 2009 JPMorgan Chase credit card losses down in JulyNEW YORK — JPMorgan Chase & Co. said Monday that the rate of losses on its credit card loans eased up in July.
Man charged with trying to steal 130M credit card numbers in record credit card data theftAugust 17th, 2009 Gov't: Man tried to steal 130M credit card numbersWASHINGTON — Federal prosecutors on Monday charged a Miami man with the largest case of credit and debit card data theft ever in the United States, accusing the one-time government informant of plotting to swipe 130 million accounts on top of 40 million he stole previously. Albert Gonzalez, 28, broke his own record for identity theft by hacking into retail networks, according to prosecutors, though they say his illicit computer exploits ended when he went to jail on charges stemming from an earlier case.
Alliance Data issues $950 million of fixed-rate term asset-backed securitiesAugust 14th, 2009 Alliance Data issues asset-backed securitiesDALLAS — Marketing and transactions services provider Alliance Data Systems Corp. said Friday that its private label credit card banking subsidiary issued $950 million of fixed-rate term asset-backed securities.
American Express, Discover will stop charging fees to customers who exceed credit limitsAugust 12th, 2009 Amex, Discover to end fees going over credit limitNEW YORK — American Express and Discover customers will soon be free of fees for charging over their credit limits. The two companies said separately Tuesday they will soon end the charges that have generated widespread criticism from consumers.
Garmin recalls marine data card after reports of incorrect depth readings off Sweden, DenmarkJune 5th, 2009 Garmin recalls card with incorrect marine depthsOLATHE, Kan. — Navigational device maker Garmin Ltd.
LexisNexis warns 32,000 people their personal data may have been viewed by former customersMay 2nd, 2009 LexisNexis warns 32,000 of possible data breachNEW YORK — The LexisNexis online information service is warning 32,000 people their personal information may have been improperly accessed in a credit card fraud scheme that postal officials say bilked hundreds. New York-based LexisNexis says in a letter mailed Friday that former customers of the service may have viewed information including names, birth dates and Social Security numbers.
Dallas school district hosts online auction of items purchased by its own credit card abusersApril 22nd, 2009 School district hosts credit-card abuse auctionDALLAS — The Dallas Independent School District is conducting an online auction this month of items confiscated from employees who fraudulently used the district's credit cards. The Dallas Morning News reported Tuesday that the 72 auction items were turned over to the district by the FBI.
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