Yahoo Finance has the news, “AmEx paying card holders to close their accounts“. What an odd thing. Certainly, a sign of our times. American Express Co is apparently offering a limited number of card holders $300 if they will pay off their balances and then close their American Express accounts. So, if you’ve got an …
Monthly Archives: February 2009
Credit Bubble News and Views
Changing credit card terms squeeze consumers Losses Of Canadian Credit Card Firms Forecast To Hit $800 Million Target credit card delinquencies up 4 percent in December US credit card delinquencies at record highs -Fitch
FRB’s Bank Card and Mortgage Delinquencies Map
This is a cool tool! The Federal Reserve Bank of New York offers dynamic maps of bank card and mortgage delinquencies in the United States. It’s one of the coolest tools I’ve seen in a while. The Credit Condition Map is actually fun to play with. The irony is that while you play with it, …
Consumer Borrowing Falls Three Months in a Row
“Consumer credit falls more than expected in Dec.“, reports that as of December 2008, consumers have borrowed less for three months in a row than anytime in the last 17 years. Why? Probably because banks and other lenders have a vapor lock on lending. It’s not that massive numbers of consumers have suddenly seen the …
Canadian Credit Card Bubble
It’s small comfort, but we in the U.S. are not alone in the credit card bubble.
