Word: credit-card
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That doesn't seem like much, but it's a level not seen since the last speculative bubble burst, in 1987. And it's still growing, almost exponentially, rising faster than credit-card or mortgage debt. "We've had an expansion of margin debt the likes of which haven't been seen since the 1920s," says Tom Schlesinger, executive director of Financial Markets Center, a research institute...
...Sisler tells the story in court papers, chairman Anthony Bruno of Bergen Commercial, a larger financial institution in the same area, began phoning him at New Era. Bruno said he had heard good things about Sisler. He eventually asked the young man to become Bergen's vice president of credit-card operations--a swank job for anyone, let alone a 25-year-old college dropout. He would make $70,000 a year and have use of a company car. Sisler said...
...selling confidential data on celebrities. BRUCE WILLIS, CALISTA FLOCKHART, JOHN and PATSY RAMSEY and even the Columbine victims were marks for the couple's Touch Tone Information Acquisition, based in suburban Denver. The Rapps, according to authorities, assumed a variety of false identities to filch bank, phone, credit-card and stock-transaction records. Now investigators are seeking to zero in on the end users of the information, who are believed to be news media, prominent among them the Globe and the National Enquirer, as well as banks, insurance companies and collection agencies. "The Rapps were passing on tons of stuff...
...reward for mailing in his credit-card payment on time, he would have less time each month to pay. Ron Stadelman has another tale of woe. Last summer the Cary, Ill., real estate agent transferred his balance to a Household Visa card with a 10.4% rate. But within a few months, his account, among others, was purchased by Fleet Bank, which gradually hiked the rate to 26.9% and said Stadelman couldn't close the account until he paid off his entire $8,500 balance. "It's highway robbery," fumes Stadelman. "Credit-card companies used to honor their agreements." Technically, they...
...Rapps, according to authorities, assumed a variety of false identities to filch bank, phone, credit-card and stock-transaction records. Now investigators are seeking to zero in on the end users of the information, who are believed to be news media, prominent among them the Globe and the National Enquirer, as well as banks, insurance companies and collection agencies. "The Rapps were passing on tons of stuff on any big names in the news," says Robert Brown, an agent for the Colorado Bureau of Investigation. "The big question is, Did those who wanted the information know how Touch Tone...