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Consumer credit outstanding rose at a seasonally adjusted annual rate of 4.25% during April, aided by a 6.5% increase in borrowing on non-revolving accounts, consisting primarily of closed-end loans for items such as mobile homes, tuition and vacations. Revolving credit – primarily credit card spending – increased only 0.4% during April, compared with 7.4% growth in March.
June 9 -
Fifth Third Bank of Greater Cincinnati and Northern Kentucky is responding to the region's growing credit crisis by stepping up its outreach to customers struggling to make payments on their mortgages or other debts, such as car loans and credit cards.
June 9 -
Home Depot Inc. reports holders of its private-label credit card are more frequently paying late and defaulting as credit scores weaken across the board.
June 9 -
The U.S. Labor Department said today that the nation's unemployment rate jumped to 5.5% in May from 5.0% in April, the biggest monthly increase since February 1986 and a rise that places unemployment at the highest level since October 2004.
June 9 -
Wincor Nixdorf International GmbH has moved into second place among the world's largest ATM manufacturers based on shipments in 2007, according to a private study by Retail Banking Research, a London-based strategic research and consulting firm.
June 6 -
Microsoft Corp. has signed an agreement to use Symmetric Systems LLC's VitalPay product for payment-gateway services, global payment processing, merchant workflow, and reporting, Symmetric said Tuesday.
June 5 -
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