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In late May 2009, the company announced it was moving up the closing of all 1 million of its small business credit card accounts to June 1, and exiting the credit card business as of June 1. [5] In early June, regulators refused to allow Advanta to improve its balance sheet by buying back $1.4 billion of its senior debt notes at a discount.
And now Advanta (ADVNB), a First CIT Group had to seek bankruptcy protection last month when it failed to strike a deal with bondholders to rework its debt. Advanta files for bankruptcy -- more ...
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Consumer Reports publishes reviews of its business partner and recommends it in at least one case. [27] CR had a similar relationship with BizRate at one time [ 28 ] and has had relationships with other companies including Amazon.com , [ 29 ] Yahoo! , [ 30 ] The Wall Street Journal , The Washington Post , [ 31 ] BillShrink, [ 32 ] and Decide ...
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ConsumerAffairs is an American customer review and consumer news platform that provides information for purchasing decisions around major life changes or milestones. [5] The company's business-facing division provides SaaS that allows brands to manage and analyze review data to improve their products and customer service.
Mastercard Inc. (NYSE: MA) reported fiscal first-quarter net revenues of $6.35 billion, up 10% year over year and 11% year over year on a neutral currency basis, beating the consensus of $6.34 ...
Plaintiffs allege that Visa, Mastercard, and other major credit card issuers engaged in a conspiracy to fix interchange fees, also known as swipe fees, that are charged to merchants for the privilege of accepting payment cards, at artificially high levels. In their complaint, the plaintiffs also alleged that the defendants unfairly interfere ...
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