Visa said Wednesday it’s boosting its dividend for the second year in a row. Shareholders will now get 60 cents per share annually, up from 50 cents per share. The news comes in advance of Visa’s fiscal fourth-quarter earnings …
Five of the six largest U.S. issuers of credit cards reported a drop last month in then percentage of credit-card balances deemed uncollectable. The drop suggests consumers may be making headway in their efforts to pay off thei…
Capital One (COF) said its credit card defaults rose slightly in September, a sign that more people may be struggling to repay their debts.
Capital One said its annualized net charge-off rate, a measure of the debts the company does not expect to ever be paid off, was 8.38% in September, Reuters reported. The rate was 8.19% in August.
Capital One is the third-largest U.S. issuer of…
Continue reading Capital One Says Credit Card Defaults Rose Slightly in September
Capital One Says Credit Card Defaults Rose Slightly in September originally appeared on DailyFinance on Fri, 15 Oct 2010 08:29:00.
Total consumer debt fell by $3.3 billion in August. And as in July, declining revolving debt, which includes credit cards, accounted for the entire drop. The trend could keep GDP in check, but long term, it’s a positive.
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The Justice Department filed an antitrust lawsuit against American Express Monday, alleging that the financial institution has been engaging in anticompetitive practices. Justice also said it reached a proposed settlement with …