Discover buying Diners Club International

Emily Crone

Today Discover Financial Services announced that it will acquire the Diners Club International network from Citigroup for $165 million. Upon required regulatory approvals and conditions, the acquisition should close within three months.
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My interest rate dropped, but not as much as the Fed cuts

Connie Prater

Recent Federal Reserve interest rate cuts won’t completely trickle down to everyday consumers. Ours will be modest cuts — if any at all.
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Risky business: Cashing in on credit card interest rate spread

Connie Prater

Some people use 0 percent credit cards to buy CDs and other investments to cash in on the difference between the interest rates. Is arbitrage for me?
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Presidential candidates have bad credit

Emily Crone

I heard a great feature on National Public Radio on the way to work the other morning discussing the financial situations of the presidential candidates. “As a group, presidential candidates don’t have the best credit rating,” Peter Overby said.
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National credit card debt and deliquency rises

Emily Crone

TransUnion just released its quarterly credit card analysis for the final three months of 2007, and the findings aren’t encouraging. Credit card debt and delinquency have both risen, which the credit bureau attributes this to local cost of living and regional economic effects (namely, the mortgage meltdown).
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