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Thursday, December 24, 2009

Wednesday, December 23, 2009

Shrinking Consumer Credit Threatens Holiday Retail Sales

Dec. 23 (Bloomberg) -- U.S. retailers may lose almost $9 billion in holiday sales as banks rein in lending to cash-strapped consumers before a new credit-card law takes effect. The Credit Card Accountability, Responsibility and Disclosure Act, which goes into effect in February, bans the practice of raising interest rates based on a missed payment with another lender. Bloomberg's Monica Bertran reports. (Source: Bloomberg)

Wednesday, December 16, 2009

Friday, December 11, 2009

Antitrust settlement over Visa and Mastercard 10 Dec 2009

Retailers and merchants will be getting checks as a part of a landmark antitrust settlement over Visa and Mastercard. CNBC's Jane Wells has the details.













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