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The E-ZPass Maryland office crouches along a barren moonscape of highway south of the city.
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Read More »UM Ventures technology license granted
University of Maryland Ventures, a joint research commercialization effort of the University of Maryland, Baltimore and the University of Maryland, College Park, and Baltimore-based SilcsBio LLC, a supplier of computer-directed drug discovery software and services, announced that SilcsBio has obtained exclusive rights to a technology licensed from UMB.
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Read More »State credit card program earns rebate
The state of Maryland has received a $4 million rebate from the Bank of America, the result of 78 state agencies spending more than $260 million between April 26, 2012, and April 25, 2013, on small purchases through Maryland’s Corporate Purchasing Card program.
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Read More »Average credit card debt, late payments fall in 1Q
LOS ANGELES — Americans got better about paying their credit card debt on time in the first three months of the year, a period when many borrowers use income tax returns to tackle their holiday season debt. The rate of ...
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Read More »Consumer credit-card use falls in March, though spending up
WASHINGTON — Americans cut back on using their credit cards in March, suggesting many were reluctant to take on high-interest debt to make purchases. Consumer borrowing rose just $8 billion in March from February to a seasonally adjusted $2.81 trillion, ...
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Read More »State credit cards were used to dodge bidding rules at UMB
One department at the University of Maryland, Baltimore was found to have misused state-issued credit cards to dodge purchasing rules, according to state auditors. An audit report released Monday said purchases made on the two corporate purchasing cards “were artificially ...
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Read More »Target to sell credit card business to TD Bank
NEW YORK — Target Corp. on Tuesday said it reached a deal to sell its entire consumer credit card business to TD Bank Group, ending an almost two-year search for a buyer. The discounter, based in Minneapolis, said the sale ...
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Read More »Ex-Clyde’s controller pleads guilty to mail fraud
WASHINGTON — The former controller of Clyde’s Restaurant Group has pleaded guilty to embezzling nearly $650,000 from the company. Fifty-five-year-old Nancy Preston of Vienna, Va., entered the plea Wednesday in U.S. District Court. She will be sentenced on Dec. 12. ...
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Read More »Feds order Discover to refund $200M to cardholders
WASHINGTON — Discover Bank will pay millions in fees to settle accusations by regulators that it pressured credit card customers to buy costly add-on services like payment protection and credit monitoring. Discover, the sixth-biggest U.S. credit card issuer, will pay ...
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Read More »Consumer borrowing rises, but credit card debt down
WASHINGTON — Americans cut back on credit card use in June, a sign that high unemployment and slow growth have made some more cautious about spending. Still, total consumer borrowing increased as many kept taking out loans to buy cars ...
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