Word: visaed
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...money was on the ropes last week. Big retailers and banks began sharply reducing the borrowing clout of credit-card holders. J.C. Penney stiffened credit requirements, curtailed card promotions and hiked the minimum purchase eligible for time payments from $19 to $200. Banks, which had been deluging customers with Visa and MasterCard (formerly Master Charge) applications, suddenly throttled back the flow of easy credit. New York's Bankers Trust Co. slapped a $500 credit limit on new accounts and froze ceilings on existing credit lines. Chase Manhattan Bank said no to more Visa applications. This week American Express...
...former Canal Zone, is one of the best-equipped medical facilities in Central America. But the Shah had not requested to be admitted there for surgery, nor had he asked to return to the U.S. for treatment. He understood well that Washington would refuse to provide a visa, since his admission to New York Hospital-Cornell Medical Center triggered the militants' seizure of American hostages at the Tehran embassy...
...particularly tight in large money-center banks. It has been expensive, but not all that tight." Selective credit controls, which could perhaps include a boost in the down payment required for a house or auto loan or an increase in the minimum monthly payment on a Master Charge or Visa card, would be a quick and easy way for the Fed to try to accomplish what a rise in interest rates has so far failed to achieve. Predicts a top Administration policymaker: "Volcker is still philosophically opposed to controls, but I think he's beginning to budge...
...lenders has thwarted the Federal Reserve Board's efforts to tighten credit. Money is easily available, in large part because inflation has motivated people to discover new ways to lift borrowing and spending power. Anyone with a decent credit rating can get not just one Master Charge or Visa card but several of every kind-each from a competing bank, and each with credit lines that offer the opportunity to draw cash advances of up to several thousand dollars a month...
...customer who meets our standards for a credit card will be issued one. We could make more loan money available this year than last if the demand were there." At New York's Citibank the average card customer in 1978 used about 38% of his available Visa credit line, but last year that figure rose...