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>> CREDIT CARDS Latest News

FEB 12, 2016 - Zero Hedge

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Baby Boomers Are Drowning In Loans: Debt Of Average 67-Year-Old Soared 169% In Past 12 Years

For those who follow the monthly consumer credit report released by the Fed there was nothing surprising in today's release of the latest Household Debt and Credit Report by the New York Fed. It reports that total household debt rose to $12.12 trillion in Q4, up from $11.83 trillion a year ago...   ...mostly as a result of soaring student ...

Tags: Baby Boomers Are Drowning In Loans: Debt Of Average 67-Year-Old Soared 169% In Past 12 Years,  Credit Cards Latest News

FEB 07, 2016 - Zero Hedge

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Dear Barack... You Forgot To Mention A Few Things

Submitted by Gary Kaltbaum via GaryKaltbaum.com, While my President was out this week patting himself on the back and taking victory laps over the "supposed" 4.9% unemployment rate, he forgot to mention a few important tidbits about what is really going on. We used to call them termites...the termites that were eating away at the economy because of foolish monetary ...

Tags: Dear Barack... You Forgot To Mention A Few Things,  Credit Cards Latest News

FEB 06, 2016 - Zero Hedge

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P2P Cracks Start To Show As LendingClub Write-Offs Double Forecasts

Peer-to-peer lending is probably a bad idea. Securitizing peer-to-peer loans is definitely a bad idea. Despite these virtually irrefutable truths, the P2P industry is thriving and Wall Street’s securitization machine couldn’t be happier about it. As we reported last May, P2P loan volume was set to surpass $76 billion in 2015 and one driver of the boom is demand from ...

Tags: P2P Cracks Start To Show As LendingClub Write-Offs Double Forecasts,  Credit Cards Latest News

FEB 05, 2016 - Christian Science Monitor

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Shop wisely with these six great store credit cards

Several big chain retailers reward frequent shoppers with perks and rewards when they sign up for a store-affiliated credit card.

Tags: Shop wisely with these six great store credit cards,  Credit Cards Latest News

FEB 05, 2016 - Business Insider

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Wall Street is taking a pounding

US bank stocks have plummeted this year and everyone wants to know why. Morgan Stanley is down 30% from a year ago, while Goldman Sachs is down 13%. Wells Fargo is down 11%. Deutsche Bank analyst Matt O'Connor took a stab at why that is in a recent note. He says it's a combination of factors, ranging from a weakening economy to ...

Tags: Wall Street is taking a pounding,  Credit Cards Latest News