March 19, 2008 Archives

Connie Prater

PBS re-runs credit card industry show

Connie Prater |  March 19, 2008 | Living with credit
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PBS television is re-running a popular Frontline show that takes a critical look at the credit card industry. Why air it now? Criticism of the industry is reaching a critical mass.
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Jeremy Simon

Discover posts weaker earnings, higher charge offs

Jeremy Simon |  March 19, 2008 | Research, regulation, industry reports
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Credit card issuer Discover Financial Services reported a decline in first-quarter earnings, as the company suffered a loss related to the sale of United Kingdom credit card division Goldfish. Meanwhile, Discover said its domestic credit card unit experienced a 6 percent drop in pretax income amid a higher provision for loan losses -- money set aside to cover loans that may go unpaid in the future.
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They're the pieces of plastic we love, and love to hate. Get the latest news, tips, research and more from the CreditCards.com staff.

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