credit News Archive

Boys to get condom credit card (Times Online)

BOYS as young as 12 are to be issued with condom ?credit cards? allowing them to pick up free contraception at football grounds, barber?s shops and scout huts.

Saudi Alinma plans credit card deal in hungry market (Reuters via Yahoo! Singapore News)

RIYADH, June 6 (Reuters) - Alinma Bank <1150.SE> will give clients credit cards upon opening an account, Saudi Arabia's newest lender said, firing a warning shot to credit-averse rivals ahead of the launch of its operations this year.

Paper Industry: Don't Kill Fuel Credit (NPR)

The alternative fuel mixture credit was designed to promote clean energy, but it is pumping hundreds of millions of dollars into the paper industry. Congress has the credit on the chopping block, but papermakers say they can't afford to lose it.

State of the Unions 2009: Knowing clients and making smaller, safer loans gives credit unions edge during recession (Wisconsin State Journal)

A few south-central Wisconsin credit unions are struggling, but most are weathering the recession better than many banks, according to the latest financial strength ratings from BankRate.com and Bauer Financial, two national rating services. None of 42 area credit unions received the lowest one-star rating, based on 2008 financial data. Two received superior ratings from both services, and three ...

Globalstar gets $586M credit facility (AP via Yahoo! Finance)

Communications satellite company Globalstar Inc. says it has secured a $586 million credit facility with a group of banks.

Licensing Fees Payable by Credit Cards in Capital (Khaleej Times)

ABU DHABI ? Licensing fees will be payable by credit cards through the Abu Dhabi Municipality website from July 1, a senior official said.

Congress Sends Obama Bill To Tighten Credit Card Regulation (CQPolitics.com via Yahoo! News)

Riding a wave of public anger, the House cleared legislation Wednesday that would curb a number of credit card practices that the White House and consumer advocates have denounced as abusive.

Ex-Credit Suisse trader missing before N.Y. trial (Reuters via Yahoo! News)

Ex-Credit Suisse trader and Bulgarian national Julian Tzolov was declared a fugitive by the U.S. government on Friday, three weeks before his trial for fraud related to $1 billion in subprime mortgages and auction rate securities.

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