Feb. 16 at 5:22 p.m.
Filed under:
Credit Cards
By Reuters
(Reuters/Kevin Lamarque)
A private lending watchdog group said on Wednesday that sweeping rule changes imposed on credit card issuers last year by the U.S. Congress had increased transparency for borrowers without restricting the availability of credit.
When the law, known as the Credit Card Accountability, Responsibility and Disclosure Act of 2009, went into full effect last February, financial companies warned it would make it harder for consumers to get credit cards and more expensive for those who did. Get the full story »
Jan. 3 at 5:47 p.m.
Filed under:
Chicago executives,
Credit Cards
By Becky Yerak
Two Discover Financial Services executives ended 2010 by selling nearly $4 million in stock of the Riverwoods-based credit card company.
On Dec. 20, President Roger Hochschild sold 100,000 shares for an average price of $18.26. On Dec. 27, Chief Financial Officer Roy Guthrie sold 115,000 shares for an average price of $18.50, according to Securities and Exchange Commission records. Get the full story »
