Author Archives: Joshua Cinelli

Credit Card Industry Rule Changes-Good News for Consumers?

Some good news for consumers, if not for credit card companies, may come as early as Thursday when the Federal Reserve will vote to approve 1,000 pages of new rules on the credit card industry. The rules also need approval … Continue reading

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Discover Introduces Biodegradable Card

Just in case you were holding off on throwing the credit card in the trash, because you were worried about the possible environmental impact, Discover has some news for you. Discover Financial Services announced the introduction of a biodegradable Discover … Continue reading

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Consumers Lock It Up

The Discover U.S. Spending Monitor fell a record six points in October as consumers continued to fret and disappeared into the lock box.¬† One thing that can always be said about Americans is that we shop through good times and … Continue reading

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Jobs Tumble: Worry in Credit Card Sector Increases

Discover Financial Services Earnings Prediction The rate of default for credit card companies is predicated by the unemployment figures, and as the jobless rate increased for the tenth straight month in October, up to 6.5 percent with 240,000 job losses … Continue reading

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Discover Settles Antitrust Dispute

Last week Discover Financial Services settled an antitrust suit with Visa and MasterCard for an undisclosed sum and sent the stock price up 11 percent. The dispute revolved around whether Visa and MasterCard were blocking banks from having Discover accounts. … Continue reading

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