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Tag Archives: credit cards

Consumers borrowed more for 8th month in May

WASHINGTON — Americans took on more debt in May and used their credit cards more for only the second time in nearly three years, stepping up borrowing just as the economy began to slump and hiring slowed. The Federal Reserve ...

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Consumers borrowed more for 7th straight month

WASHINGTON — Americans borrowed more money in April for the seventh straight month, but they cut back on using their credit cards. Consumer borrowing rose by nearly $7.2 billion, fueled by greater demand for school and auto loans, the Federal ...

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Banks offer cash transfers to cell number, e-mail

WASHINGTON — Three of America’s four largest banks are launching a system that lets customers transfer money from their checking accounts using only a mobile number or e-mail address. The banks say the service, called clearXchange, will make payments easier ...

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Credit-card business pushes Target net up 2.7 pct

NEW YORK — A stronger credit-card business helped Target Corp.’s net income rise 2.7 percent in the first quarter, even as customers were cautious about buying because of higher gas and food prices. Target’s credit-card business, which it uses to ...

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Retail sector adding jobs, but not always careers

Erin Abell left a job in finance to volunteer for John McCain’s presidential campaign in early 2008. She had hoped to return to the industry after the election, but by then Wall Street was on life support, and Abell had ...

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Banks, credit-card issuers warn of email breach

NEW YORK — With the possible theft of millions of consumer email addresses from an advertising company, several large companies have started warning customers to expect fraudulent emails that try to coax account login information from them. A dozen companies ...

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