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News Library - September, 2001

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Card Lovers September, 26, 2001

A dog may be man's best friend, but a credit card may be a woman's best friend. While the nation's male population is growing at a slightly faster rate than the female population, nearly 76.1 million women have or use credit cards, compared with 68.2 million ... more

Slipping Up September, 25, 2001

Americans are slipping up on their card payments at a rate not seen in more than twenty years. The deterioration in consumer credit quality is further evidence that we are, and have been, in a recession since late spring. more

Charity Victims September, 24, 2001

Believe it or not, scamsters see a silver lining in the horror that took New York and Washington two weeks ago. As Americans open up their wallets to charity and pull out credit cards to donate, some scum artists are seizing the opportunity to gather ... more

5% Yield September, 20, 2001

Amalgamated Bank of Chicago is offering its MasterCard customers a 5% interest rate on a saving account. The bank, which issues standard and gold MasterCards, requires cardholders to deposit a $2,500 minimum to get the special rate. more

Bankruptcy Reform September, 19, 2001

Bankruptcy reform legislation has taken the back burner to more pressing matters, due to the tragic events in New York and Washington last week. The formal meeting of House and Senate conferees, which was scheduled yesterday afternoon, was postponed ... more

Interlink Revolt September, 18, 2001

The stink over new merchant fees for the Interlink debit card is spreading. This week Florida-based Publix Super Markets says it will no longer accept VISA's 'Interlink' point-of-sale debit cards effective October 13. more

Card Rates September, 17, 2001

For the first time in the industry's history, average credit card rates have plummeted below the 15.00% level. However average rates could have been hovering below 14.00% if the full impact of the Fed rate deductions had been passed on to cardholders. more

Xmas 2001 September, 17, 2001

This could be the weakest holiday spending season since the recession of 1990-91. This year, before the current recession was documented and before the terrorist attacks were launched, holiday sales were predicted to rise only 2.5%. more

Red Cross Coins September, 14, 2001

The green coin counting machines found in many supermarkets can now be used to contribute pocket change to the American Red Cross. Coinstar says that if just half of the Americans who live within two miles of a Coinstar machine donate a handful of change, it ... more

Economic Fallout September, 14, 2001

Americans will not spend less and won't necessarily change their personal behavior apart from cutting down on their flying, particularly over the next few days in the wake of Tuesday's terrorist attacks. Stock market analysts are also encouraging investors to ... more
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