Credit cardholders could have more say in court (AP via Yahoo! News)
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When handling consumer disputes, credit card companies have a critical tool for keeping down legal costs: The option to avoid court and go to arbitration.
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July 24, 2009
July 22, 2009
Credit Card Disputes Tossed Into Disarray (WallStreet Journal via Yahoo! Finance)
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Two arbitration firms will stop mediating consumer-debt disputes, a move that has big implications for credit-card and cellphone companies.
July 19, 2009
Don’t ignore credit-card bills (The Columbus Dispatch)
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Dear Debt Adviser: I am working but had my salary reduced. I have a first and second mortgage and $100,000 in credit-card debt, an unemployed wife and three kids.
July 18, 2009
JPMorgan tops forecasts but credit losses worsen (USA Today)
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JPMorgan Chase (JPM) said Thursday that investment banking and trading drove a larger-than-expected 36% jump in quarterly profit despite a surge in credit card and loan losses that could worsen.