Audit Finds Unapproved Credit Purchases At State Department Of Veteran Affairs

LITTLE ROCK — Lawmakers were told Thursday that an audit of the state Department of Veterans Affairs has uncovered unapproved credit card purchases of $1,837 and the agency’s administrative services manager has been fired.

Capital One Profit Rises as Credit-Card Rewards Drive Spending

Capital One Financial Corp. (COF) , the lender that purchased ING Groep NV (INGA) ’s online U.S. bank this year, reported a 37 percent increase in first-quarter profit as credit-card rewards programs fueled customer spending.

KPS, Buffalo County, city monitor credit cards differently

KEARNEY — Credit card use by local governments came under scrutiny last week when the Nebraska State Auditor’s office found irregularities in the accounting and spending practices of the city of Gretn

Credit Card Issuing in the US Industry Market Research Report Now Available from IBISWorld

The Credit Card Issuing industry was hit hard by the recession, as high unemployment rates and contracting credit caused delinquencies to rise. These trends contributed to a free fall in profit, as more people delayed making credit card payments or missed payments entirely. However, conditions will ease over the next five years, with the industry set to make a steady recovery. As consumers use ...

Fitch: U.S. Banks Answer Durbin with Prepaid Cards

Fitch Ratings notes an increase in the offering of prepaid cards, as U.S. banks look to offset revenue reduction resulting from implementation of the Durbin Amendment. We believe D