Senate panel scrutinizes credit card practices
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With the threat of new regulations looming, some credit card issuers on Wednesday promised lawmakers they would ease penalties and simplify tiny-print disclosures that few consumers read.
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Democratic presidential nominee  John Kerry on Friday proposed cracking down on unfair credit  card lending practices that he says have helped Americans pile  up record levels of charge card debt.
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Attendees at the RSA conference had mixed views about the value and effectiveness of the PCI data security standard, which is being pushed by the major credit card companies.
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Two senior senators said that an official review has raised serious questions about the Securities and Exchange Commission's handling of an insider-trading investigation and the possibility of a cover-up.
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The Securities and Commission is conducting an investigation into circulation reporting in the newspaper industry following several disclosures of fraudulent practices in recent months.
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Check the checkers and see who is inquiring about your credit history.
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With home foreclosures surging, senators on Wednesday examined lending practices that especially hurt minorities and seniors and can heighten the risk of default.
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The Securities and Exchange Commission is investigating WorldCom Inc.'s official creditors committee, requesting reams of documents related to members' dealings as well as information they reviewed about WorldCom's health and prospects.
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With holiday shopping in full swing, U.S. banking regulators on Tuesday urged consumers to carefully check the terms and conditions when buying gift cards, including fees and expiration dates.
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The Inquiry focuses how the N.Y. Senate majority leaderâs private business dealings may relate to his position.
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A US Senate committee chaired by Senator Edward M. Kennedy looking into potential conflicts of interest in the student loan industry cited Citizens Bank yesterday for the "lavish meetings" it funded for the members of its advisory board on student loans, which included representatives of several prominent local and national universities.
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US lawmakers asked the Securities and Exchange Commission on Thursday to investigate recent disclosures of improper mutual fund sales practices on military bases.
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U.S. Sen. Dianne Feinstein has asked the GAO to investigate whether problems with e-voting machines have been caused by fraud or mechanical failure.
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New York Attorney General Andrew Cuomo said on Wednesday he is widening a probe of the student-loan industry to target underwriting standards, prompting lawmakers at a U.S. Senate committee hearing to raise questions about possible discriminatory red-lining.
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A panel of executives from financial services firms said their industry is paying the price for retailer breaches of the Payment Card Industry Data Security standard.
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Major banks being investigated by the Commerce Commission for not properly disclosing credit card fees, insisted yesterday they have been upfront with the public over the fees for the past few years.
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The Senate and House make a controversial move to control alleged profiteering.