Bank managers hinting: Switch to Leumi Card or risk losing your credit line …
News from Haaretz:

Spain to extradite Mubarak associate to Egypt over gas deal with Israel

Airlines may get to cooperate if skies open to European competition

Bank Leumi pressuring business customers to use subsidiary

Fischer: Cutting gas taxes shows lack of leadership

…………… continues on Haaretz
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Consumers happier with credit cards, dealing with debt

Posted by administrator | 04/03/12 | Tagged Credit Card Debt

Consumers happier with credit cards, dealing with debt
News from Debtmerica Relief:

Protections added for consumers as it relates to their financial accounts have generally led to Americans having better control over their credit card debt and, perhaps as a consequence, filing fewer complaints about their cards.

Data from the Better Business Bureau reveals that the number of complaints lodged over consumer credit card accounts slipped 28 percent in 2011 when compared with the previous year, according to a report from Reuters. Many experts attribute this shift in consumer sentiment to disclosures related to credit card accounts mandated by the federal Dodd-Frank Act, which passed in 2010.

Similar disclosures enforced for other products offered by financial institutions may have led to similar drops in complaints against banks, the report said. In all, those grievances dropped by about one-third in 2011.

Credit card disclosures are viewed as being helpful for consumers bec…………… continues on Debtmerica Relief

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The Butterfly Effect, Coated In Oil
News from ABC News:

Earlier this week, the New York Post shouted the headline “U.S. Credit Card Debt Nearing Toxic Levels.” The article was referring to the latest report from the Fed that in December, total consumer debt, which is the sum of both non-revolving and revolving debt, increased by 9.3 percent to almost $ 2.5 trillion. The increase in revolving debt, principally consisting of credit card balances, was at an annual rate of 4.1 percent. Thus, despite the fact that for a few short months in 2011 the amount of outstanding debt actually fell, the long-standing trend of strong expansion in consumer credit card debt returned with a vengeance in December, measured month over month, quarter over quarter, and year-over-year. We’re slowly killing ourselves with our oil addiction, and the dealer yet again is jacking up the prices.

[Related Article: 4 Credit Cards To Help You Save On Gas]

Well, maybe it was just a merrier Christmas; maybe people caught up in acquisition ecstasy overspent during the holidays, but then again, we have nine months to pare down those balances…………… continues on ABC News

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