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1997:

News Library - 1997

Credit Tightening? May, 27, 1997

The Federal Reserve said Friday its most recent quarterly survey of bank loan executives shows a progressive tightening of credit standards for consumer loans, especially credit card loans. About 50% of the banks participating in the survey indicate they have ... more

Internet CC Theft May, 27, 1997

A San Francisco man was arrested by the FBI at San Francisco International Airport last week after attempting to sell 100,000 credit card numbers for $260,000. According to The Boston Globe the numbers were obtained after the man broke into a San Diego ... more

Account Closing Fees May, 23, 1997

After First Union’s aborted attempt to charge a $10 account closing fee Advanta is attempting to assess one. In notifications mailed this week some Advanta cardholders are being offered a choice between agreeing to an interest rate increase or closing the ... more

American Express NY Disney Deal May, 22, 1997

American Express said yesterday it has expanded its relationship with Walt Disney by becoming the “Official Card” of the newly restored New Amsterdam Theatre on 42nd St. in New York City. As the “Official Card”, cardholders will have exclusive telephone ... more

Americans Spend Paychecks Too Quickly May, 22, 1997

This is only one surprising fact from a survey of 7,200 Americans conducted by Intuit's Quicken Financial Network (http://www.quicken.com), a comprehensive personal finance Web site, and Money Talks (http://www.talks.com), an on-line personal investment ... more

Americans Save Less May, 22, 1997

Despite improved economic times and a growing unease over the future of Social Security, nearly half of all Americans (46%) have less than $10,000 saved for their retirement, according to Miles To Go: A Status Report on Americans' Plans for Retirement, a new ... more

Smithsonian NOVUS Card May, 21, 1997

Dean Witter, Discover and Company announced Tuesday the new ‘Smithsonian Card’ with a potential national exposure to 30 million Americans. The affinity-rebate program will generate support for the Smithsonian and offers cardholders the opportunity to earn a ... more

Symphony VISA May, 21, 1997

First USA also announced a new affinity program yesterday with an alliance with the largest symphony orchestras in the country. The new 'TOPS Symphony Series VISA Card' will produce support revenue for a entire range of orchestral offerings including local ... more

Tiger Woods - Do More May, 20, 1997

Professional golf sensation and recent Masters champion Tiger Woods has agreed to a long-term contract to promote American Express. The AmEx-Woods campaign gets underway this morning with full-page advertisements in major newspapers. more

Another $1 Billion May, 20, 1997

The consensus is the Federal Reserve will hike interest rates another 25 basis points this morning. Of all forms of borrowing consumers will feel the impact most on bank credit cards. more

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