Fitch: U.S. Credit Card ABS Issuance Trusts Updated for July (Business Wire via Yahoo! Finance)
Still, credit card fraud remains a major issue for consumers, and at the very least a hassle. The Fed urges credit card users to be on the lookout for skimming, which can take place when a credit card is swiped and the magnetic stripe information is gathered, allowing thieves to copy the card in order to carry out fraudulent transactions. Skimming is of particular concern in restaurants, where the credit card often leaves the consumer's watch for some time.
Fitch: U.S. Credit Card ABS Issuance Trusts Updated for July (Business Wire via Yahoo! Finance)
NEW YORK----Fitch Ratings today updated its U.S. credit card ABS issuance trust updates for the month of July for the following issuers: American Express Issuance Trust; BA Credit Card Trust; Capital One Multi-asset Execution Trust; Chase Issuance Trust; Washington Mutual Master Note Trust .
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KERRY KILLINGER / WASHINGTON MUTUAL CEO / "We have seen and will continue to see a number of mortgage banking ... (San Francisco Chronicle)
Kerry Killinger is chairman and CEO of Seattle's Washington Mutual Inc., which has about 2,200 banking branches in the West as well as New York and Connecticut, and another 500 loan offices nationwide. Killinger has been with Washington Mutual for a quarter...
Read full post here. Copyright (c) 2004 Yahoo! Inc. All rights reserved.
Fitch: U.S. Credit Card ABS Issuance Trusts Updated for July (Business Wire via Yahoo! Finance)
The Fed recommend that the preventative steps consumers need to take with payment methods to battle fraud should take into account both the sources of fraud and "the ease of resolution based on the payment type."
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