McDonald’s Corp. and 11 other companies were tapped Tuesday by Working Mother magazine as the best companies for hourly employees in 2011. Get the full story »
Capital One
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Credit-card delinquencies fall in November
Credit-card delinquency rates fell at major U.S. lenders in November as fewer consumers fell behind on their bill payments, signaling that they are recovering from the stress of the financial crisis.
But consumers are also avoiding racking up more debt on their credit cards, even during the holiday shopping season, in a sign that lenders will be struggling to rebuild their businesses for some time. Get the full story »
Card delinquencies fall, but recovery elusive
Fewer Americans fell behind on their credit card payments in September, but the pace of improvement slowed again, accelerating fears that banks will not recover from their consumer loan losses for years.
Shares of several major U.S. credit card lenders, including Bank of America Corp, JPMorgan Chase and Co, and Capital One Financial Corp, fell in morning trading on Friday. Get the full story »
Notebook: Credit cards with the clearest terms
Capital One and Bank of America are the most up-front about the interest rates, fees and rewards on their credit cards, according to a new study by credit card research Web site Cardhub.com.
Sure, most card applications spell out all the terms in the fine print, but most consumers lack the patience to read the tiny disclosures.
Capital One and Bank of America ranked highest among 10 issuers in clarity on their applications, with scores of 96.4 percent and 95 percent, respectively. Get the full story »
Credit-card delinquencies at low for year
Fewer Americans fell behind on credit card payments in June, with delinquencies at their lowest this year at major U.S. card lenders, but the results did not stem concerns about the economic recovery.
Credit card delinquency rates have declined steadily since the beginning of the year, signaling that banks should have to write off less debt as uncollectible. Get the full story »
Discover, Capital One charge-offs fall
Credit card charge-offs and delinquencies improved at Capital One Financial Corp and Discover Financial Services in June as fewer Americans fell seriously behind on credit card payments. The companies said Thursday that their credit card delinquency rates in June fell to the lowest levels this year. Delinquencies are a sign of future losses. Get the full story »
