The U.S. House Subcommittee on Government Efficiency, Financial Management and Intergovernmental Relations has been studying the high delinquency on credit cards held by government employees. CardLine reports that Bank of America, Bank One, Citibank and U.S. Bancorp provided testimony on the problem. Credit Card Fees CardTrak reports that credit card fees have become uniform for the most part among the top ten credit card issuers. Discover Offers Affinity Discounts Discover Financial Services has introduced Discover BizPerks, a new affinity discount program targeting at small businesses. When Bad Things Happen to Your Good Name.
Some statistics illuminate consumer attitudes toward financial services and products.
A large portion of American households has computers and uses the Internet for a variety of transactions. Neither a borrower nor a lender be. Although this admonition was more common a century ago, Americans still seem to have misgivings about debt. Credit cards make it too easy to get into debt. To an increasing extent, data provided by the Federal Reserve on the growth of consumer credit understate the increase in consumers' reliance on credit to finance their assets and expenditures.