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News Library - June, 1997

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Ford Citibank Card Has Better Idea - Quit! June, 30, 1997

Co-branding has been slowly disintegrating with the rising tide of convenience users and the challenges of deteriorating credit quality. The pace of dismantling such programs will now accelerate with the upcoming announcement that Citibank and Ford are ... more

Gambling Drives Bankruptcies June, 27, 1997

More American are gambling their way to the poor house, piling up credit card debt and then filing for bankruptcy. A new study released this morning concludes there is a correlation between the rapid growth of legalized gaming and the current surge in ... more

Prepaid Phone Card Rates Drop June, 27, 1997

Competition in the prepaid phone card market is driving down prices for consumers. Yesterday Florida-based Transco Research Corp. cut the price of its card product to 9 cents per minutes for domestic calls. more

Citi's Summer Tips June, 24, 1997

Some 230 million Americans are expected to take vacations between June and August this year, and it's estimated that an average family of four, on a two-week vacation within the U.S. will spend $3,000 on food and lodging alone. Add in the cost of ... more

Easy Bankruptcy June, 23, 1997

Twenty years ago personal bankruptcy was considered a "scarlet letter", today it has become a "badge of honor" and if the National Bankruptcy Review Commission has its way bankruptcy will become even easier. The NBRC voted Friday to adopt a draft consumer ... more

Call For Action June, 22, 1997

Congressman Joe Kennedy believes card issuers are after "deadbeats", that is unprofitable cardholders who pay off balances promptly to avoid interest. Today Kennedy will try to build support for his proposed legislation to ban targeting convenience-type ... more

MasterCard's New VIP Corp Cards June, 20, 1997

MasterCard added another flavor to its global business card product portfolio yesterday with the launch of the 'MasterCard Corporate Executive Card'. This is MasterCard's first attempt at enhancing one of its corporate card products. more

Bankruptcy Reform Voted Today June, 20, 1997

The Credit Union National Association says current proposals for bankruptcy reform will drive up the cost of credit to consumers. The National Bankruptcy Review Commission will vote this morning on a package of recommendations to be delivered to Congress in ... more

AAA Card Rental Tips June, 20, 1997

Does your rental car have antilock brakes? Is it equipped with dual air bags? Is there an early drop-off charge? These queries and seven others make up AAA's top 10 questions to ask when renting a car for this summer's road trip. more

Mr. Mom Credit Card Tips June, 19, 1997

Credit card debt is a problem that 56-60 million (1 in every 4) U.S. households have (average unpaid balance $6,000 according to a study done by Consumer Federation of America -- Feb. 1997). Techniques and strategies to ease the burden of the mounting credit ... more
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