Word: credit-card
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...what they want, a lot of the hits are harmless. Some may even come from applications, like Napster, that I have authorized to run. But at least some of them are probably hackers trying to rummage through my files, hoping to lift my credit-card number or empty my bank account...
...graphic accompanying the story on the bankruptcy bill [BUSINESS, March 26], you prominently featured a Merrill Lynch Visa Signature card. Running this graphic with the article, which takes a negative view of the legislation and the "credit-card companies" advocating its passage, was misleading. It gave the impression that Merrill Lynch was somehow involved in crafting or lobbying for the bill, which is untrue. Merrill Lynch took no position on the bill and in no way lobbied for or against it. EDDIE W. REEVES Merrill Lynch Media Relations New York City
...stated that the credit-card industry is extending credit to "anyone with a pulse." This is incorrect. Within the past 12 months, one bank sent three separate letters to my mother advising her that she was preapproved to open a credit-card account with a credit limit of up to $100,000. My mother died in 1989. JULIE MACLEMORE Richmond, Texas...
CHARGING AHEAD With $670 billion in credit-card debt, Americans will get some relief in next month's statement. Banks and card companies followed the Fed last week in dropping interest rates for the third time this year. The prime rate for lenders has fallen from 9.5% to 8% since January, saving the average household $60 a year, says CardWeb.com The windfall will reach cardholders with variable rates in May. Those with fixed rates could get a break come summer. --By Julie Rawe...
Republicans and some Democrats have long wanted to make it harder to file for bankruptcy and erase debts. But Clinton kept vetoing the bill. Now Bush will sign it. Critics argue it's a gift to credit-card companies, which provide easy access to debt. Bush's top campaign contributor was MBNA America...